DONG Energy has decided to construct the Race Bank Offshore Wind Farm, located in the Greater Wash area, approximately 27 kilometres off the East Coast of Britain.
Race Bank will have a capacity of up to 580 megawatts (MW), enough to power over 400,000 UK homes.
The offshore wind farm will consist of 91 6MW wind turbines, with Siemens Wind Power chosen as the preferred supplier for the delivery of these turbines. The deployment of the Siemens wind turbines is conditional upon the parties signing a final agreement.
Samuel Leupold, Executive Vice President at DONG Energy, said:
"I'm very excited about the fact that we can start building the Race Bank Offshore Wind Farm, which will supply green electricity to more than 400,000 British households. The Race Bank Offshore Wind Farm is yet another enabler for the growth of the offshore wind supply chain in UK, and the project will create jobs in the UK at all levels of the supply chain.
"The size of this project will enable us to utilise the economies of scale to continue to drive down cost of electricity produced by offshore wind farms. This is a must win battle and we are getting one step closer with the decision to build this offshore wind farm."
When all projects currently under construction – including the Race Bank Offshore Wind Farm – are completed, DONG Energy will have built a total of 4,400MW of offshore wind, of which 2,500MW will be located in the UK.
Race Bank will be constructed and operate under the UK's Renewables Obligation Certificate (ROC) scheme (1.8 ROC).
The information provided in this announcement does not change DONG Energy's previous financial guidance for the 2015 financial year or the announced expected investment level for 2015-2016.