Great 60 MINUTES piece about the world’s largest operating wind farms, off England, built by Ørsted with billions invested. The Hornsea 1 & 2 projects deliver 2.5 GW of power, powering millions of homes. It’s a story of high capacity factor (47%) renewable energy, creating 500 new jobs for the small town of Grimsly that lost its fishing industry, and of a company pivoting from fossil fuel to renewables leveraging their offshore expertise. Orsted announced plans to double the total Hornsea development to 5-6 GW.
Offshore wind pairs well with solar from a timing of generation perspective. It will be fascinating to see how offshore evolves in Europe and the US. China has the most offshore wind, with about 13 GW, 45% of the world’s total. Read the complete post here
Shug
