Danish energy giant Ørsted has won contracts in a German auction to build two offshore wind farms with a total capacity of 551.75MW.

The two wind farms include the Borkum Riffgrund West 1 with a capacity of 420MW and the Gode Wind 4 with 131.75MW. The wind farms will be built in the North Sea.

Ørsted was awarded the contracts in the second offshore wind auction conducted the German electricity regulator Bundesnetzagentur.

The first auction was conducted in last April, where Ørsted had won 590MW including the OWP West (240MW), Borkum Riffgrund West 2 (240MW), and Gode Wind 3 (110MW).

The Danish company’s Gode Wind 3 and 4 projects will have a total capacity of 241.75MW.

Ørsted executive vice president and wind power CEO Martin Neubert said: “We’re very pleased with winning these new projects which add significant capacity to our existing German portfolio and will be value creating to our investors.

“This is another important step towards achieving our ambition of 11-12GW installed offshore wind capacity world-wide by 2025.”

Overall, the company will construct 1,141.75MW new offshore wind capacity in Germany by 2024/2025, subject to the company’s final investment decisions on the projects.

Ørsted stated that its operational offshore wind farms including Gode Wind 1&2 and Borkum Riffgrund 1 currently supply 894MW of clean energy to German electricity consumers.

The company has another 450MW under construction in Germany at Borkum Riffgrund 2, which is expected to be commissioned next year.

Ørsted Germany country manager Volker Malmen said: “Today’s result confirms that offshore wind is a cost-competitive source of renewable energy which can be a cornerstone in Germany’s green energy transition. We look forward to extending our contribution to Germany’s energy mix.”

In total, it has installed about 4.4GW offshore wind capacity across Germany, UK and Denmark, with a further 4.5GW capacity under construction.

Recently, Ørsted has taken final investment decision for the second phase of the Formosa 1 offshore wind farm on Taiwan’s North-Western coast. The second phase will see an addition of a total capacity of 120MW to Formosa 1’s current 8MW capacity.