lease area has the potential to generate over 2 GW of reliable, renewable power, sufficient to meet the energy needs of 1.7 million California homes once fully operational.

The license provides Ørsted with exclusive development rights for a gigawatt-scale offshore wind project situated 70 kilometers off the coast of Incheon City, Korea.

This project is set to host the largest number of tidal turbines globally and aims to stimulate the mass production of turbines within the tidal energy industry.

This crane is slated for installation on the Norfolk Vanguard high-voltage, direct current converter station, strategically positioned off the Norfolk coast in the UK.

The planned auction will encompass approximately 860 square kilometers of surface area across the five offshore wind power sites, with a calculated maximum capacity of around 7,500 megawatts.

The geo-environmental survey covered an extensive area of approximately 333 km² and was conducted on behalf of Flotation Energy and Vårgrønn.

The offshore construction team utilized Van Oord’s offshore installation vessel, the Aeolus, to hoist the initial Siemens Gamesa wind turbine generator into position at the project site located 35 miles off Montauk, N.Y.

The wind farm is located approximately 32 kilometers from the Island of Sylt near the German-Danish border and consists of 80 Siemens 3.6 MW wind turbines with a total capacity of 288 MW, supplying renewable energy to around 370,000 households.

The Export Development Guarantee from UKEF covers 80% of the total loan, which has been coordinated by HSBC, with Citibank, Credit Agricole Corporate and Investment Bank, DNB, and ING as mandated lead arrangers.

This milestone comes after nearly seven years of dedicated work on the wind farm, with the first turbine generating fossil-free electricity on November 10, 2023.