Ørsted has agreed to sell to Norges Bank Investment Management a 50% interest in the 752-MW Borssele 1 & 2 offshore wind farm in the Dutch North Sea.
(Courtesy Ørsted)
Borssele 1 & 2 is the largest operational offshore wind farm in the Netherlands.
Offshore staff
FREDERICIA, Denmark – Ørsted has agreed to sell to Norges Bank Investment Management a 50% interest in the 752-MW Borssele 1 & 2 offshore wind farm in the Dutch North Sea.
The total value of the transaction is about EUR 1.375 billion ($1.633 billion). Closing is expected around summer 2021.
As part of the agreement, Ørsted will continue to provide long-term operations and maintenance (O&M) services from its O&M base at the Port of Vlissingen in the Netherlands. The company will also provide NBIM with balancing services and a long-term route to market for the renewable electricity generated by Borssele 1 & 2.
This is NBIM’s first investment in unlisted renewable energy infrastructure.
Located 23 km (14 mi) off the coast of Zeeland, Borssele 1 & 2 is expected to provide enough electricity to power one million Dutch households. Water depths range from 14 to 36 m (46 to 118 ft). It was fully commissioned in 4Q 2020.
