Ørsted has finalized the sale of its interest in the Borssele 1 & 2 offshore wind project in the Netherlands to Norges Bank Investment Management (NBIM).

Ørsted finalizes Dutch wind farm interest divestment

Renewables

The Netherlands Ørsted has finalized the sale of its interest in the Borssele 1 & 2 offshore wind project in the Netherlands to Norges Bank Investment Management (NBIM).

Ørsted and NBIM signed a deal in April 2021 to divest a 50% stake in the offshore wind farm. The acquisition has a total value of approximately EUR 1.375 billion.

Ørsted will continue to provide long-term operations and maintenance (O&M) services from its base in the Dutch port of Vlissingen. Furthermore, Ørsted will offer NBIM with balancing services as well as a long-term market route for the renewable electricity generated by Borssele 1 and 2.

Borssele 1 and 2 offshore wind farm

Borssele 1 and 2 offshore wind project is located in the Dutch Exclusive Economic Zone in the North Sea, off the coast of Zeeland. With a capacity of 752 MW, the wind farm is the largest offshore wind farm in the Netherlands.

The Borssele 1 and 2 offshore wind project includes 94 Siemens Gamesa SG 8.0-167 DD turbines with 8MW capacity each. The tip height of each wind turbine is 200 meters, and the rotor diameter is 167 meters. The wind farm was completed in the fourth quarter of 2020 and generates enough green electricity to power one million Dutch households for a whole year.

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Wim Raaijen
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