In a conference call on 6 May following the release of the Danish developers first quarter results, CEO Rasmus Errboe said the delays have “relatively limited financial impact”, but the full commercial operation dates for both projects have had to be pushed back.
“We have been informed by [transmission system operator] National Grid that the connection onshore will be delayed [by] up to two months… and as a consequence of that, we have to be cautious,” Errboe said, in relation to the 2.9GW Hornsea 3 project.
He reiterated that the project is 25% done and is moving forward “according to plan” from a “construction perspective”.
On the 913MW Borkum Riffgrund 3 project in the German North Sea, Errboe said the delay was down to commissioning of the remaining turbines going slower than expected, driven by grid outrages.
The developer has commissioned 64 out of the 83 turbines, and due to high prices in Germany right now, it will not have much effect on its numbers, the CEO added.
He described the delays as factors outside of the developer’s control that resulted in “relatively limited financial impact”.
“When we look at new opportunities, we assess all the relevant risks, and the risk on grid is very different from market to market. There are different frameworks, there are different splits of risk in between the developer and the TSO,” Errboe said. “But it is not as such, changing our approach. Again, the delay that we have been informed about here from National Grid, is manageable for us.”
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