Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In April 2014, DONG Energy (now Ørsted) secured a UK government Final Investment Decision Enabling for Renewables Contract for Difference (CfD) for Hornsea Project One, providing a 15‑year, inflation‑linked revenue support mechanism that underpins the project’s economics; the CfD, later described as priced at £175.25/MWh (real 2022), supports the 1.2 GW offshore wind farm located around 120 km off the Yorkshire coast.