Ørsted, the global leader in offshore wind, has played a significant role in developing the offshore wind industry in the UK.

Commenting on the results of the latest auction, Matthew Wright, Ørsted’s UK Managing Director said:

“The Contracts for Difference (CfD) scheme is a fantastic example of a supportive Government framework that brings confidence to investors and the benefits of scale and certainty to the supply chain. With the incredible results of the most recent auction, offshore wind is now the cheapest major source of electricity in the UK.

“The offshore wind industry has grown significantly in the UK and has worked closely with both the Government and the UK supply chain to ensure that the UK reaps the benefits from its world-leading position in offshore wind.

“Our mission is to build a world that runs entirely on green energy so it’s great to see support for more of this clean technology in the UK, and we look forward to realising the Government’s aim of at least a third of the UK’s electricity from offshore wind by 2030.”

In 2017, Ørsted was awarded a Contract for Difference (CfD) for Hornsea Two at £57.50; a 50% drop in price from contracts just two years previously. It did not enter any projects in this auction round, but has a pipeline of substantial projects in development.


Juliette Sanders, Head of UK Media Relations

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About Ørsted

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore wind farms, bioenergy plants and innovative waste-to-energy solutions and provides smart energy products to its customers. Headquartered in Denmark, Ørsted employs 5,600 people, including over 900 in the UK. For more information on Ørsted, visit their website or follow them on FacebookLinkedInInstagram and Twitter.

Ørsted is a highly valued Premier member of the DKUK. Feel free to check out their company profile.

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