Q2 2021 Financial Highlights and Offshore Wind Build-Out Plan
Ørsted awarded 1,148 MW offshore wind contract in New Jersey
1,148 MW Ocean Wind 2 project
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Selected to negotiate a 20-year Offshore Renewable Energy
Certificate (OREC) following a competitive solicitation
The 20-year OREC price is USD 84.03 per MWh from 2029, with
a 2% annual escalator (corresponding to a levelized 2017 price
of USD 67 per MWh)
With the award the Ocean Wind lease will be utilised to its
maximum capacity of c. 2.3 GW
Subject to final investment decision, Ocean Wind 2 is expected
to be commissioned in 2029
Ørsted has been awarded a total of 4.1 GW offshore wind
projects in the US, which unlocks significant synergies in
procurement, construction, and operations
In addition to the awarded capacity, Ørsted and our partners
have rights to c. 4 GW of seabed leases on the US East Coast
New Jersey
Ocean Wind 1-75/25 JV with PSEG
Ocean Wind 2
OrstedView entire presentation