The\u00a0offshore wind farm\u00a0Borkum\u00a0Riffgrund\u00a03,\u00a0jointly\u00a0owned by \u00d8rsted and Nuveen Infrastructure,\u00a0is in commercial operation.\u00a0With an installed capacity of 913\u00a0MW, Borkum Riffgrund\u00a03 is one of Germany\u2019s largest offshore wind farms currently in operation. The project demonstrates how large-scale offshore wind can strengthen energy security by delivering reliable, home-grown electricity to German industry and households.<\/p>\n
Borkum\u00a0Riffgrund\u00a03\u00a0produces\u00a0renewable\u00a0energy at scale\u00a0for\u00a0German\u00a0industrial and technology\u00a0offtakers, underscoring the substantial demand for renewable energy in both the new digital economy as well as core industries such as chemicals.\u00a0Furthermore, the project is advancing \u00d8rsted\u2019s 8.1\u00a0GW offshore wind construction\u00a0programme,\u00a0which will take the company to a total of\u00a0more than 18\u00a0GW\u00a0installed offshore wind capacity upon completion.<\/p>\n
Borkum\u00a0Riffgrund\u00a03\u00a0is \u00d8rsted\u2019s sixth operational offshore wind farm in\u00a0Germany, following\u00a0the\u00a0253\u00a0MW Gode Wind 3 project, which was commissioned in early 2025\u00a0and is also\u00a0jointly owned by \u00d8rsted and Nuveen. \u00d8rsted is Germany\u2019s leading offshore wind operator, accounting for approximately 25\u00a0% of the country\u2019s installed offshore wind capacity.<\/p>\n
Nuveen Infrastructure is one of the largest infrastructure investment managers globally with over USD 40 billion\u00a0in\u00a0assets under management.<\/p>\n
Patrick Harnett, Chief\u00a0Construction\u00a0Officer\u00a0at \u00d8rsted, said:\u00a0<\/p>\n
\u201cWith Borkum Riffgrund\u00a03 now operational, we\u2019ve delivered a landmark project for Germany and European offshore wind while making further progress on our 8.1\u00a0GW construction portfolio. The project\u00a0demonstrates\u00a0how offshore wind at scale can bolster energy security across Germany and Europe by powering businesses and homes. We\u00a0remain\u00a0committed to building out offshore wind in Germany and Europe, our core market. Stable and predictable regulatory frameworks are essential to enabling further offshore wind investments that can strengthen energy resilience and sustain jobs across Europe.\u201d<\/p>\n
Jordi Francesch, Global Head of Asset Management, Clean Energy at Nuveen Infrastructure, said:<\/p>\n
\u201cWe\u2019re proud to see Borkum Riffgrund 3 with an installed capacity of 913 MW reach commercial operation, marking the delivery of what will be one of Germany\u2019s largest offshore wind farms in operation. Together with \u00d8rsted and our long-term offtake partners, we\u2019re providing clean electricity under a portfolio of long-dated corporate PPAs, supporting both industrial decarbonisation and long-term price visibility for consumers and businesses across Germany. This milestone further demonstrates Nuveen Infrastructure\u2019s ability to develop and manage large and complex clean energy projects at scale and underlines our commitment to accelerating the EU energy transition while enhancing energy security for Germany and the wider region.\u201d<\/p>\n
Josche Muth, Country Manager for \u00d8rsted Germany, said:<\/p>\n
\u201cGermany\u2019s energy future won\u2019t be built on fossil imports. It will be built on large-scale domestic renewable power. Borkum Riffgrund 3 is a clear example of how offshore wind can deliver secure, affordable, and home-grown electricity. With an installed capacity of 913 MW powering German industry today, Borkum Riffgrund 3 demonstrates what energy security looks like in practice.\u201d<\/p>\n
Felix Gschnell, Programme Director for\u00a0Borkum\u00a0Riffgrund\u00a03 at \u00d8rsted, said:\u00a0<\/p>\n
\u201cThe completion of Borkum Riffgrund 3 is a tremendous milestone for the offshore wind industry in Germany. It was a true collective effort by highly dedicated suppliers and an \u00d8rsted project team, drawing on the company\u2019s expertise and extensive experience in handling large-scale offshore wind projects. With our sixth wind farm now operational in the German North Sea, we further consolidate our market-leading position, while emphasising the true capabilities that offshore wind energy brings for advancing the German\u00a0Energiewende.\u201d<\/p>\n
Powering the decarbonisation of German industry
Borkum\u00a0Riffgrund\u00a03 is supported by several long-term corporate power purchase agreements\u00a0which \u00d8rsted has signed with industrial and technology customers,\u00a0thereby\u00a0producing\u00a0reliable power for\u00a0data\u00a0centres,\u00a0retailers, and the chemical industry. Offtake agreements totalling 786\u00a0MW have been entered into with Amazon (350\u00a0MW), BASF (186\u00a0MW), Covestro (100\u00a0MW), Energie-Handels-Gesellschaft\/REWE Group (100\u00a0MW), and Google (50\u00a0MW). The contracts range from 10 to 25\u00a0years in duration,\u00a0contributing\u00a0to German energy independence\u00a0and security of supply.<\/p>\n
European supply chain\u00a0and local value creation
Borkum\u00a0Riffgrund\u00a03 is\u00a0located\u00a0about 72\u00a0km off the coast in the German North Sea and covers an area of approx. 75\u00a0km\u00b2.\u00a0A total of 83\u00a0wind turbines, each with a rated capacity of 11\u00a0MW, have been installed at the offshore wind farm.\u00a0The project has mobilised a broad European supply chain,\u00a0leveraging\u00a0wind turbines and foundations from Germany and Denmark, cables from Germany and France, and installation vessels from the Netherlands and Belgium.\u00a0About 100\u00a0German\u00a0companies\u00a0have been contracted\u00a0for\u00a0the construction of the wind farm.<\/p>\n
With the addition of Borkum Riffgrund 3, \u00d8rsted\u2019s installed offshore wind power capacity in Germany increases to around 2.5 GW, enough to supply the equivalent of approx. 2.5 million households with renewable electricity. Operation and maintenance for the new wind farm and \u00d8rsted\u2019s existing German offshore wind portfolio is carried out from Norden-Norddeich and Emden, utilising the robust offshore wind infrastructure and network in Lower Saxony.<\/p>\n
For further information, please contact:<\/p>\n
Global Media Relations \u00d8rsted Investor Relations Nuveen\u00a0 About\u00a0\u00d8rsted About Nuveen
Frederik H\u00f8j R\u00fchne
+45 99 55 95 52
globalmedia@orsted.com<\/a><\/p>\n
Rasmus Keglberg H\u00e6rvig
+45 99 55 90 95
IR@orsted.com<\/a><\/p>\n
Rachael Dowers
+44 20 3727 8234
rachael.dowers@nuveenglobal.com<\/a>
media-inquiries@nuveen.com<\/a><\/p>\n
\u00d8rsted is a global leader in developing, constructing, and\u00a0operating\u00a0offshore wind farms, with a core focus on Europe. Backed by 35 years of experience in offshore wind, \u00d8rsted has 10.2\u00a0GW of installed offshore capacity and 8.1\u00a0GW under construction. \u00d8rsted\u2019s total installed renewable energy capacity spanning Europe, Asia Pacific, and North America\u00a0exceeds\u00a018\u00a0GW across a portfolio that also includes onshore wind, solar power, energy storage, bioenergy plants, and energy trading. Widely recognised as a global sustainability leader, \u00d8rsted is guided by its vision of a world that runs entirely on green energy. Headquartered in Denmark, \u00d8rsted employs approximately 7,200 people. \u00d8rsted\u2019s shares are listed on Nasdaq Copenhagen (Orsted). In 2025, the group\u2019s operating profit excluding new partnerships and cancellation fees was DKK\u00a025.1 billion (EUR\u00a03.4 billion). Visit\u00a0orsted.com<\/a>\u00a0or follow us on LinkedIn and Instagram.<\/p>\n
Nuveen is a global investment leader, managing USD 1.4 trillion in public and private assets for clients around the world, as of June 30, 2026. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors \u2014 all to pursue lasting performance for our clients, our communities, and our global economy.<\/p>\n