The fifth-largest offshore wind farm on the planet officially opens

The Race Bank offshore wind farm from the U.K. is usually officially open, Danish renewable energy business Orsted announced.

Situated off England’s North Norfolk coast, the 91 turbine facility can produce 573 megawatts (MW) of electricity as well as is usually capable of powering more than 500,000 homes, according to Orsted, which described the facility as the fifth-largest offshore wind farm from the earth.

“Race Bank is usually a fantastic infrastructure project as well as underlines Orsted’s contribution to the U.K.’s energy transition,” Matthew Wright, Orsted U.K.’s managing director, said in a statement.

“Powering over half a million homes every year, Race Bank is usually another positive step towards delivering the U.K.’s decarbonized energy system of the future,” Wright went on to add.

Orsted owns 50 percent of the Race Bank project, which covers an area 75 kilometers squared. The Macquarie European Infrastructure Fund 5 owns 25 percent, while the Sumitomo Corporation owns 12.5 percent. Funds advised by the Green Investment Group, Arjun Infrastructure Partners as well as Gravis Capital Management own the remaining 12.5 percent.

Europe is usually at in which point home to more than 4,000 offshore wind turbines across 11 countries, according to trade body WindEurope. Thirteen brand new offshore wind farms were completed in 2017, with the U.K. as well as Germany accounting for the majority of these. The U.K. installed 1.7 GW of offshore wind last year, while Germany was responsible for 1.3 GW.

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