Ørsted Brings in Norges BIM as Partner in Borssele 1 & 2
Ørsted has signed an agreement with Norges Bank Investment Management, who will be acquiring a 50 % ownership share of Ørsted's 752 MW Borssele 1 &
Ørsted has signed an agreement with Norges Bank Investment Management, who will be acquiring a 50 % ownership share of Ørsted's 752 MW Borssele 1 & 2 Offshore Wind Farm, which was commissioned in the fourth quarter of 2020 and generates green power to the equivalent of one million households' annual power consumption in the Netherlands. The total value of the transaction is approx. EUR 1.375 billion which is to be paid upon closing of the transaction. Closing is expected around summer 2021. As part of the agreement, Ørsted will continue to provide long-term operations and maintenance services from its O&M base at the Port of Vlissingen in the Netherlands. Furthermore, Ørsted will provide NBIM with balancing services and a long-term route to market for the renewable electricity generated by Borssele 1 & 2.
The divestment to NBIM is subject to regulatory approvals.
Facts about Borssele 1 & 2
The largest operational offshore wind farm in the Netherlands - and the second-largest operational offshore wind farm in the world - with an installed capacity of 752 MW
Located 23 km off the coast of the Dutch region of Zeeland at water depths ranging from 14 to 36 m
The 94 Siemens Gamesa 8 MW offshore wind turbines of Borssele 1 & 2 generate enough power to annually cover one million households with green energy in the Netherlands
Fully commissioned in Q4 2020