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In the second German auction for offshore wind, the Bundesnetzagentur has awarded Ørsted the right to build an additional 551.75MW offshore wind in the German North Sea.
Ørsted won with the following projects:
  • Borkum Riffgrund West 1 with a capacity of 420MW at a price of EUR 0 per MWh.
  • Gode Wind 4 with a capacity of 131.75MW at a price of EUR 98.30 per MWh.
In the first German offshore wind auction, which took place in April 2017, Ørsted won three projects with a total capacity of 590MW: OWP West (240MW at EUR 0 per MWh), Borkum Riffgrund West 2 (240MW at EUR 0 per MWh), and Gode Wind 3 (110MW at EUR 60 per MWh). This brings Ørsted’s projects in Cluster 1 up to their full 900MW capacity. Ørsted’s Gode Wind 3 and 4 projects will have a total capacity of 241.75MW at a weighted average price of EUR 81 per MWh. In total, this means that Ørsted will build 1,141.75MW new offshore wind capacity in Germany by 2024/2025, subject to Ørsted taking Final Investment Decisions.
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