Dong Energy has said that improved foundation design is one of the factors in reducing the costs for its Hornsea Project Two offshore wind farm.
At 57.50£/MWh the strike price for the development is 50% lower than similar projects procured two years ago demonstrating the rapid reduction in costs within the sector.
The Hornsea Project Two, located 89km from the Yorkshire coast, will have a capacity of 1,386MW and is expected to be operational by 2022.
“This is a breakthrough moment for offshore wind in the UK and a massive step forward for the industry. Not only will Hornsea Project Two provide low cost, clean energy to the UK, it will also deliver high quality jobs and another huge boost to the UK supply chain,” said Dong Energy managing director Matthew Wright.
“Successive governments deserve great credit for providing the certainty for continued investment in offshore wind, enabling it to become the thriving renewable industry it is today. Costs are falling rapidly, long-term and highly-skilled jobs are being created across the North of England and the UK supply chain is going from strength to strength. We’re now really seeing the benefits of this commitment to offshore wind and there is still so much more to come. Indeed, it has the potential to play a key part in the realisation of the UK’s industrial strategy.”
In addition to the continuous improvement in foundation design for offshore wind farms, Dong said that innovation in wind turbines, new installation equipment methods and a growing and competitive supply chain has also played a part in reducing the costs.