Swedish utility Vattenfall has won the bidding process for construction and operation of the 400MW offshore wind project Horns Rev 3 in Denmark.
The project is expected to be operational by 2017. It can generate enough power to meet energy requirements of 450,000 households.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Vattenfall won the bid from the Danish Government through a competitive process. The decision, however, still awaits approval from the Danish Parliament and the European Union.
Vattenfall CEO Magnus Hall said: "The construction of Horns Rev 3 is an important step towards both Denmark’s and the EU’s goals to reduce carbon dioxide emissions.
"These goals stipulate that 30% of the total energy consumption in 2020 shall origin from renewable energy sources.
"For that reason, we trust the political majority to go along with the agreement and find a solution suitable for all parties."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataVattenfall Nordic Wind Power operations head Alberto Mendez Rebollo expects the concession bid to be a unique opportunity for synergies between several offshore wind power farms.
He said: "Horns Rev 3 will imply positive synergies in operation and maintenance of offshore wind farms in the Nordic Sea.
"Both the Control Center in Esbjerg and the community Esbjerg, will gain a more important role as a chain of support when Horns Rev 3 is in operation."
The Swedish power company owns a 60% stake in the Horns Rev 1 offshore wind project, which is currently under stages of development and is equipped with 80 turbines to generate renewable power.
Along with Stadtwerke München, the firm is responsible for construction of the Dan Tysk and Sandbank offshore wind projects. These are both situated in the German part of the Nordic Sea.
Vattenfall presently owns nearly 1,800MW of power projects, out of which 1,000MW are located offshore.
