Vattenfall is about to start construction of the offshore wind farm Horns Rev 3 off the West coast of Denmark.
Vattenfall is about to start construction of the 400 MW offshore wind farm Horns Rev 3 off the West coast of Denmark. HR 3 is scheduled to be commissioned in 2018 following a total investment of just over 1 billion euros.
In February 2015 Vattenfall won the bid for the concession to build HR 3. Vattenfall is currently the second largest operator of offshore wind farms in the world and one of the biggest players in Denmark in the field of onshore wind.
"Horns Rev 3 is an important part of Vattenfall´s ambitions in the field of wind and particularly on our focus on offshore wind farms. Horns Rev 3 also gives a clear signal to the world around us that Vattenfall´s strategy is to make new investments in renewable electricity generation and to grow in wind. Vattenfall supports the transition to a totally renewable energy system and takes up the challenge, in spite of current low electricity prices and excess capacity," said president and CEO of Vattenfall, Magnus Hall.
Vattenfall says that it is aiming to reduce the construction costs of offshore wind power, thereby also cutting the cost of each kWh produced. This process will see HR 3 being built and commissioned in just under three years.
Offshore, Vattenfall currently owns 60% of Horns Rev 1 (80 wind turbines) and operates and is building two offshore wind farms in the German North Sea in partnership with Stadtwerke München. These are Dan Tysk (inaugurated May 2014) and Sandbank (to be inaugurated 2017). In addition, Vattenfall is scheduled to inaugurate the extension to the Kentish Flats wind farm in the UK today, 6 June. In total, Vattenfall owns around 2200 MW of wind power, 1300 MW of which is offshore from more than 1000 wind turbines.