New partner joins Dutch Borssele 1 & 2 wind farm


The NetherlandsØrsted has signed an agreement with Norges Bank Investment Management (NBIM) for the acquisition of 50% ownership of Ørsted’s 752 MW Borssele 1 & 2 offshore wind farm.

The wind farm was commissioned in the fourth quarter of 2020 and generates green power to the equivalent of one million households’ annual power consumption in the Netherlands.

The total value of the transaction is approx. EUR 1.375 billion which is to be paid upon closing of the transaction. Closing is expected around summer 2021.

Long-term operations and maintenance

As part of the agreement, Ørsted will continue to provide long-term operations and maintenance (O&M) services from its O&M base at the Port of Vlissingen in the Netherlands. Furthermore, Ørsted will provide NBIM with balancing services and a long-term route to market for the renewable electricity generated by Borssele 1 & 2.

The divestment to NBIM is subject to regulatory approvals.