Gode Wind Farm

Ørsted takes final investment decision on two German offshore wind farms

Retrieved on: 
Wednesday, December 1, 2021
Wind, Industry, CPPA, Climate, Gode Wind Farm, Contract, EUR, FID, REWE Group, Board of directors, Board, Kilowatt-hour, BASF, Siemens Gamesa, Farm, Renewable energy

rsted's Board of Directors has taken final investment decision (FID) on the two German offshore wind farms Gode Wind 3 (242 MW) and Borkum Riffgrund 3 (900 MW) which are expected to be commissioned in 2024 and 2025, respectively.

Key Points: 
  • rsted's Board of Directors has taken final investment decision (FID) on the two German offshore wind farms Gode Wind 3 (242 MW) and Borkum Riffgrund 3 (900 MW) which are expected to be commissioned in 2024 and 2025, respectively.
  • Jrg Kubitza, Managing Director for rsted in Germany, adds: 'With the decision to build Gode Wind 3 and Borkum Riffgrund 3, we'll expand our German portfolio to six offshore wind farms and a total investment volume since 2012 of around 7.5 billion euros.
  • While Borkum Riffgrund 3 will be the biggest wind farm in Germany to date, gigawatt-scale wind farms should be the norm when planning future offshore wind buildout.
  • In the German offshore wind auctions in 2017 and 2018, rsted was awarded the right to build five offshore wind projects, today known under the consolidated names Gode Wind 3 and Borkum Riffgrund 3.

Ørsted brings in Glennmont Partners as a 50% shareholder of Borkum Riffgrund 3 Offshore Wind Farm

Retrieved on: 
Tuesday, October 19, 2021
Kilowatt-hour, Acquisition, Siemens Gamesa, CFO, Professional, Bank, ING, Gode Wind Farm, EUR, Infrastructure, Bank of China, ABN AMRO, TIAA, USD, Farm, Time, ABN, Wind, Santander, Ownership, SEB, Nuveen, EPC, Investment, Renewable energy, Cryptocurrency, Airline

Today, rsted has signed an agreement with Glennmont Partners ('Glennmont'), who will be acquiring a 50 % ownership sharein rsted's 900 MW German offshore wind farm Borkum Riffgrund 3.

Key Points: 
  • Today, rsted has signed an agreement with Glennmont Partners ('Glennmont'), who will be acquiring a 50 % ownership sharein rsted's 900 MW German offshore wind farm Borkum Riffgrund 3.
  • Glennmont has structured its investment into Borkum Riffgrund 3 to meet the needs of its institutional investors including Nuveen's parent, TIAA.
  • Borkum Riffgrund 3 will have a total export capacity of 900 MW and will be located in the German North Sea close to rsted's existing offshore wind farms Borkum Riffgrund 1 and Borkum Riffgrund 2.
  • The power from Borkum Riffgrund 3 will be generated by 11 MW, 200 m offshore wind turbines from Siemens Gamesa.

UL Wins Ørsted Certification Contract for 1.1 GW German Offshore Wind Projects

Retrieved on: 
Tuesday, July 20, 2021
Offshore wind power, Wind power, Gode Wind Farm, Wind farm, Articles, Economy, Electric power

Project certification, part of the licensing process of offshore wind farms located in German waters, will help ensure the design, manufacturing, transport, installation, commissioning and operation complies with the highest standards of safety.

Key Points: 
  • Project certification, part of the licensing process of offshore wind farms located in German waters, will help ensure the design, manufacturing, transport, installation, commissioning and operation complies with the highest standards of safety.
  • Despite Germany's robust long-term offshore wind outlook, the industry has struggled to bring projects to market in 2021 with a pause in the formalized auction process resulting in no offshore capacity being added this year.
  • Kai Grigutsch, managing director of UL's wind certification services, said, "UL has been at the forefront of global wind certifications for almost 20 years, helping developers navigate the safety, reliability and performance risks for wind projects to meet and exceed the requirements of the market.
  • We are delighted to support rsted on the realization of the Gode Wind 3 and Borkum Riffgrund 3 projects over the coming years."