DONG Energy acquires German offshore wind development project Borkum Riffgrund West 2

DONG Energy has acquired a 100% ownership interest in  the German offshore wind development project Borkum Riffgrund West 2 from Energiekontor AG. The project is located adjacent to DONG Energy’s Borkum Riffgrund West 1 development project . The two projects have a total combined capacity of up to 550 MW.

Borkum Riffgrund West 2 has already submitted an application for consent and could be built after 2020 if grid connection is granted and DONG Energy makes a final investment decision in the project. Application for grid connection is expected to be submitted in 2017/2018.

Samuel Leupold, Executive Vice President, DONG Energy Wind Power said: “With the Borkum Riffgrund West 2 project we are now strengthening our post 2020 pipeline. Having our other offshore wind project, Borkum Riffgrund West 1 right next to it, there are a number of synergies for the development, construction and operation of this project.”

DONG Energy is currently constructing three offshore wind farms in the German North Sea with a combined total capacity of approximately 900 MW. Those projects are Borkum Riffgrund 1 with 312 MW capacity and Gode Wind 1+2 with a total of 582 MW capacity.

“We have great trust in the German offshore wind market and the further regulatory framework, which the purchase of this development project is  a proof of,” Samuel Leupold said.

The German government has the target to install 15 Gigawatt offshore wind by 2030 to support the transition to a renewable electricity supply.

To date, DONG Energy has constructed approximately one third of all offshore wind farms in Europe. A total of 2,500 MW has been built, and the company plans to build a total of 6,500 MW by 2020.

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