Latest event on Borkum Riffgrund West 2

Analyst Update:
Results of the April 2017 auction resulted in a significantly lower than expected weighted average award price of €4.40/MWh. The lowest price was zero and the highest €60 MWh. Four bids were accepted totalling 1490MW meaning that the remaining 60MW will carry over to the 1 April 2018 auction for 1610MW.
Winners receive a grid connection, support as bid for 20 years and a permit for 25 years of operation (with the option to extend once by five years). DONG secured three connections in total (240MW on NOR-1-1 for Borkum Borkum Riffgrund West II, 240MW on NOR-1-1 for OWP West and 110MW on NOR-3-3 for Gode Wind 3), with zero-subsidy bids for the projects connecting to NOR-1-1 (Dolwin5) and €60/MWh for Gode Wind 03 which has less economies of scale and connects a year earlier and therefore is considered to have less time to leverage new innovations. It is possible that the €60/MWh bid for Gode Wind 03 was strategically priced, made with the knowledge that there was an opportunity for a top-up project to fill any remaining auction volume that would be exceeded by the lower-priced, larger projects.
EnBW’s 900MW “He Dreiht” also secured a win with zero subsidy, also claiming the advantages of late-commissioning and scale economies. EnBW called for a review of Germany’s offshore wind goals.
DONG has clarified the following details about its transitional auction bids:
- Cluster 1 project (Borkum Riffgrund West II and OWP West) will be built as a single 480MW project using much larger turbines than available (“13-15MW turbines”).
- The transmission assets being out of scope has made a zero-bid possible.
- Cluster 1 has wind speeds in excess of 10m/s and extensive operational synergies with adjacent DONG projects.
- They expect extensive improvement and cost reduction opportunities across the balance of plant between now and 2024 including installation methods, foundations, cables, O&M lifetime etc.
- The allowance of an operational life of 30 years provides further opportunities for cost reduction.
- CAPEX per MW will be significantly lower than DKK 22-24m/MW guide price given in 2016.
- They have used a conservative estimate of German future wholesale price estimates, and added 250 basis points to WACC to account for market exposure.
- The main drivers of long-term energy prices are considered to be EU policy on CO2 prices, phase-out of coal and nuclear and the build-out of renewables. They consider national initiatives rather than regional policy as driving renewables growth. They assume a fast build-out of PV, onshore and offshore wind, all of which exert downward price pressure.
Phase-out of thermal capacity in accordance with national plans is assumed.DONG are also considering the option to lock-in prices through market-base contracts. E.g. corporate PPAs. Also hedging would be used.
- They consider winning the projects as an ‘option’ [albeit at significant cost] to build the windfarm. They may well add to the volume in next year’s tender. They are prepared to not-build the project if it appears to not create value nearer at FID. The cost of this would be €59m.
- The bid was based on a lowest price with no-regrets decision.
- Regarding the subsidy required for Gode Wind 3, it was considered to be built too early for the new turbine platform, and the site has slightly less attractive conditions.
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Latest Update: 20 April 2017

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Project Details for Borkum Riffgrund West 2
General Information Name Borkum Riffgrund West 2 correct
Other names correct
Country name Germany correct
Region Exclusive Economic Zone 1 (DolWin) (BSH Cluster 1 in Draft Network Plan) correct
Comments OWP West and Borkum Riffgrund West 2 will be combined in to one large-scale project with the option of adding additional volume in next year's auction. correct
Round (or category) WindSeeG: 1st Tender correct
Development status Consent Authorised correct
Power & Turbines Project capacity 240 MW correct
Turbine model Not Decided correct
Turbine capacity 13 MW - 15 MW correct
Number of turbines 16 - 18 correct
Total turbine height correct
Hub height correct
Rotor diameter correct
Foundation Grounded: (Jacket foundations probable (estimated).) correct
Windspeed 10 year mean wind speed (2000-2009) Available online now
Costs Stated project cost correct
Location & Environment Sea name North Sea correct
Centre latitude 54.058° correct
Centre longitude 6.146° correct
Area 16 km2 correct
Depth range (Chart Datum) 29 m - 31 m correct
Depth range stated by developer 30 m - 35 m correct
Distance from shore (reported) 67 km correct
Distance from shore (computed from centre) 81.4 km correct
Ports Installation base correct
Ops and maintenance Norddeich correct
Grid Converter/Collector platforms DolWin5 Converter correct
Offshore transformers Borkum Riffgrund West II correct
Grid connection point DolWin5 (NOR-1-1) correct
Cable landing point correct
Export Cables
Please note that export cables connect the offshore transformer (substation) to either; shore or an offshore HVAC-HVDC converter station for onward transmission via HVDC cabling. Please see the converters page for planned converter stations and transmission cables.

The export cable length does not generally include the onshore component. The exception is when the onshore substation is close to shore.
Number of export cables 2 correct
Average length per cable 12.8 km correct
Transmission type (e.g. HVAC) correct
Nominal voltage 155 kV correct
Maximum voltage correct
Power rating correct
Number of cores correct
Conductor type correct
Section area correct
Insulation correct
Number fibre optics correct
Export minimum bend radius (MBR) correct
Burial depth correct
Comments correct
Onshore Cables Number of onshore cables correct
Average length per cable correct
Comments correct
Array Cables Array cable length correct
Estimated cable length LogIn
Transmission type (e.g. MVAC) correct
Nominal voltage correct
Maximum voltage correct
Burial depth correct
Number of cores correct
Conductor type correct
Section correct
Insulation correct
Power rating correct
Number of fibre optics correct
Minimum bend radius (MBR) correct
Comments correct
Benefits Homes powered annually 169981 correct
CO2 reduced per year 343532 tonnes correct
SO2 reduced per year 7989 tonnes correct
Expected life 30.0 years correct
Other Website Visit correct

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StatusName
Decommissioned Hooksiel Hooksiel
Fully Commissioned Alpha Ventus Alpha Ventus
Fully Commissioned Amrumbank West Amrumbank West
Fully Commissioned BARD Offshore 1 BARD Offshore 1
Fully Commissioned Borkum Riffgrund 1 Borkum Riffgrund 1
Fully Commissioned Breitling Breitling
Fully Commissioned Butendiek Butendiek
Fully Commissioned DanTysk DanTysk
Fully Commissioned EnBW Baltic 1 EnBW Baltic 1
Fully Commissioned EnBW Baltic 2 EnBW Baltic 2
Fully Commissioned ENOVA Offshore Project Ems Emden ENOVA Offshore Project Ems Emden
Fully Commissioned Global Tech I Global Tech I
Fully Commissioned Gode Wind 1 and 2 Gode Wind 1 and 2
Fully Commissioned Meerwind Süd/Ost Meerwind Süd/Ost
Fully Commissioned Nordergründe Nordergründe
Fully Commissioned Nordsee One Nordsee One
Fully Commissioned Nordsee Ost Nordsee Ost
Fully Commissioned Riffgat Riffgat
Fully Commissioned Sandbank Sandbank
Fully Commissioned Trianel Windpark Borkum I Trianel Windpark Borkum I
Fully Commissioned Veja Mate Veja Mate
Fully Commissioned Wikinger Wikinger
Partial Generation/Under Construction Merkur Merkur
Under Construction Arkona Arkona
Under Construction Borkum Riffgrund 2 Borkum Riffgrund 2
Under Construction Hohe See Hohe See
Under Construction OWP Albatros OWP Albatros
Under Construction Trianel Windpark Borkum II Trianel Windpark Borkum II
Pre-Construction Deutsche Bucht Deutsche Bucht
Pre-Construction Deutsche Bucht Pilot Park Deutsche Bucht Pilot Park
Pre-Construction GICON Schwimmendes Offshore Fundament (SOF) Pilot GICON Schwimmendes Offshore Fundament (SOF) Pilot
Consent Authorised Arcadis Ost 1 Arcadis Ost 1
Consent Authorised Baltic Eagle Baltic Eagle
Consent Authorised Borkum Riffgrund West 2 Borkum Riffgrund West 2
Consent Authorised Borkum Riffgrund West I Borkum Riffgrund West I
Consent Authorised EnBW He Dreiht EnBW He Dreiht
Consent Authorised Gode Wind 3 Gode Wind 3
Consent Authorised Gode Wind 4 Gode Wind 4
Consent Authorised Kaskasi Kaskasi
Consent Authorised OWP West OWP West
Consent Authorised Wikinger Süd Wikinger Süd
Consent Application Submitted Gennaker Gennaker
Concept/Early Planning GICON® SOF 6-8MW Test Turbine GICON® SOF 6-8MW Test Turbine
Concept/Early Planning ReaLCoE (Robust, Reliable and Large Offshore Wind Energy Converters for Clean, Low Cost and Competitive Electricity) ReaLCoE (Robust, Reliable and Large Offshore Wind Energy Converters for Clean, Low Cost and Competitive Electricity)
Development Zone Darß - priority area for wind energy Darß - priority area for wind energy
Development Zone German Central Tender 2022 (Assumed North Sea) German Central Tender 2022 (Assumed North Sea)
Development Zone German Central Tender 2023 (Assumed Baltic Sea) German Central Tender 2023 (Assumed Baltic Sea)
Development Zone German Central Tender 2024 (Assumed North Sea) German Central Tender 2024 (Assumed North Sea)
Development Zone German Central Tender 2025 (Assumed North Sea) German Central Tender 2025 (Assumed North Sea)
Development Zone German Central Tender 2026 (Assumed North Sea) German Central Tender 2026 (Assumed North Sea)
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