Orsted is the latest developer to submit a bid into the offshore wind tender for Hollandse Kust Zuid 3&4, having lined up financing for the project.
As part of its bid the company is also committed to establish green hydrogen projects that will take power generated from its Dutch offshore wind farms.
Company chief executive Henrik Poulsen said: "Production and sale of green hydrogen to large industrial customers can help stabilise revenues from offshore wind farms which rely on the market price of power.”
He said Orsted is ready to scale-up and bring down costs of green hydrogen like it has done with offshore wind.
As part of its proposal to the Dutch government, Orsted has already taken the final investment decision on Holland Kust Zuid, which could be up to 760MW in size.
Orsted Offshore chief executive Martin Neubert said: “The funding is secured and guaranteed on our balance sheet, so if the Dutch government selects Orsted, they can be certain that the wind farm will be built."
Orsted is already engaged in the Dutch offshore wind market having won the 752MW Borssele 1&2 project tender in 2016. It will be Holland’s largest offshore wind farm when completed in late 2020-2021.
Earlier this week a consortium of Shell, Van Oord and Eneco called Witwind joined the bidders for Hollandse Kust Zuid 3&4 and at the end of last month, Vattenfall said it was also bidding for Hollandse Kust Zuid 3&4.
Source:renews
