Race Bank Extension is a 573MW offshore wind power project. It is planned in North Sea, England, the UK. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2027.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 573 | – | 573 | Announced | England, the UK | Orsted |
|---|
Description
Go deeper with GlobalData
The project is being developed by Orsted. Orsted, Green Investment Group and Sumitomo are currently owning the project having ownership stake of 70%, 17.5% and 12.5% respectively.
The project cost is expected to be around $2,854.4m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2027.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAbout Orsted
Orsted AS (Orsted) is a renewable energy company. It develops, constructs, and operates offshore and onshore wind farms, bioenergy plants, solar farms, and energy storage facilities, and provides waste-to-energy solutions and smart energy products. The company produces heat and electricity using coal, natural gas, oil, biomass, wind and solar sources; and sells power and gas in wholesale and retail markets, and optimizes and hedges its energy portfolio. Orsted also owns and operates gas and power contracts, and originates and trades these for optimizing its portfolio; and operates Renescience plants, biogas upgrade facilities and biogas plants. It has operations in the UK, Denmark, Germany, the US, the Netherlands and other. Orsted is headquartered in Fredericia, Denmark.
See Also:
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
