Orsted, the Danish renewable energy company, has announced plans to construct the world's largest wind farm named Hornsea 3 off the British coast.
This ambitious project is expected to generate significant amounts of electricity and power over 3.3 million households.
In a press release, Orsted stated, "We have made the final investment decision for the world's largest offshore wind farm, Hornsea 3, with a capacity of 2.9 gigawatts, expected to be completed by the end of 2027."
The designated area for this wind farm is located around 100 miles off the coast of Yorkshire, and it is projected to provide electricity to more than 3.3 million homes.
Currently, Orsted operates 12 offshore wind farms for energy production in the United Kingdom, including Hornsea 1 and 2.
Upon the operation of these new turbines, "Orsted's Hornsea site - comprising wind farms Hornsea 1, 2, and 3 - will have a combined capacity exceeding 5 gigawatts, making it the largest operational offshore wind site in the world," according to the company.
Most of the contracts related to the Hornsea 3 investment were secured before recent inflation-related price increases, allowing for competitive pricing, according to Orsted, which had recently abandoned a massive offshore wind farm project in the United States.
Wind energy generation faces challenges despite European ambitions to green their local energy sources.
The sector needs substantial investments to meet anticipated demand while grappling with rising interest rates and raw material costs.
Orsted is also planning to construct the Hornsea 4 offshore wind farm in the same region, which is expected to have a capacity of 2.6 gigawatts.
Follow the latest news on Google News
