Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Gode Wind 3 secured its revenue regime through Germany’s offshore wind auctions in 2017 and 2018, where Ørsted was awarded the right to build the projects that were later consolidated into Gode Wind 3 and Borkum Riffgrund 3. The merged 253 MW Gode Wind 3 project benefits from a weighted average feed-in tariff/subsidy of EUR 81 per MWh, which underpins its long-term revenues and is referenced in subsequent Ørsted communications and the 2023 divestment to Glennmont Partners.