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November 11, 2021

Race Bank, UK

By Carmen

Race Bank is a 573.3MW offshore wind power project. The project is located in North sea, England, the UK. The project is currently active. It has been developed in single phase. The project construction commenced in 2016 and subsequently entered into commercial operation in February 2018.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 573.3 573.3 Active England, the UK Orsted

Description

The project was developed by Orsted. The project is currently owned by Orsted with a stake of 50%, Macquarie European Infrastructure Fund 5 with a stake of 25%, Sumitomo with a stake of 12.5%, Arjun Infrastructure Partners and Gravis Capital Management.

The wind turbines in the project are installed on fixed foundations. An array of monopile foundations feature in the project.

The project supplies enough clean energy to power 500,000 households, offsetting 830,000t of carbon dioxide emissions (CO2) a year. The project cost is $3,263.26m.

Development Status

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The project is currently active. The project construction commenced in 2016 and subsequently entered into commercial operation in February 2018.

Power Purchase Agreement

Nestle UK and Northumbrian Water are the power offtakers from the project.

Contractors Involved

Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 91 units of SWT-6.0-154 turbines, each with 6.3MW nameplate capacity.

Orsted and Siemens Gamesa Renewable Energy were contracted to render operations & maintenance services for the project.

The rotor blades have been supplied by Siemens. The blade length is 154.000m.

About 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.

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.

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