March 14 (Renewables Now) - Denmark’s Ørsted A/S (CPH:ORSTED) today said it will take part in the tender for sites III and IV of the Hollandse Kust Zuid (Holland Coast South) zone off the coast of the Netherlands.
The Danish energy major has already taken the final investment decision on the project and says funding is secured and guaranteed on its balance sheet. Meanwhile, it is working to establish green hydrogen projects linked to its offshore wind farms in the Netherlands.
Ørsted in 2016 won a tender for the Borssele 1 and 2 offshore wind parks off the coast of Zeeland and plans to complete them in the last quarter of 2020 and first quarter of 2021.
"Production and sale of green hydrogen to large industrial customers can help stabilize revenues from offshore wind farms which rely on the market price of power [..]," said CEO and president Henrik Poulsen.
Several days ago it was announced that the Witwind consortium is also competing in the Dutch offshore wind tender. It includes oil and gas major Royal Dutch Shell Plc (AMS:RDSA), Eneco and marine contractor Van Oord. In February, Swedish state-owned utility Vattenfall also said it has prepared “a very solid proposal” for sites III and IV of the Hollandse Kust Zuid zone. The capacity to be awarded is 750 MW and the deadline for bids submission is today.