DONG Energy to build world’s largest offshore wind farm; DHS issues Jones Act waiver for area hit by Harvey and Irma

DONG Energy to build world’s largest offshore wind farm
September 11, 2017 — Within days of completing the dismantling of the world’s first offshore wind farm, Denmark’s DONG Energy has been awarded a contract to build what will be the world’s largest: Hornsea Project Two. The giant farm will be built at the lowest-ever price for offshore wind in the U.K. At GBP 57.50 (about $75.84) per MWh, the strike price for the Contract for Difference (CfD) is 50% lower than the previous round of CfD allocations just two years ago, demonstrating the rapid reduction in cost across the industry.

 

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