Denmark's DONG Energy awarded contract to build world's biggest offshore wind farm
At 57.50 £/MWh, the strike price for the Contract for Difference (CfD) is 50% lower than the previous round of CfD allocations just two years ago, demonstrating the rapid reduction in cost across the industry.
With a massive capacity of 1,386 megawatts (MW), enough to power over 1.3 million UK homes, Hornsea Project Two will become the world's biggest offshore wind farm, surpassing the giant 1,200MW Hornsea Project One which DONG Energy is currently constructing.
Hornsea Project Two will be built 89 kilometres from the Yorkshire coast and is expected to be operational from 2022.
Hornsea Project Two will contribute significantly to DONG Energy's ambition of reaching a total offshore wind capacity of 11-12GW by 2025. ■