{"id":397882,"date":"2025-08-26T10:51:58","date_gmt":"2025-08-26T08:51:58","guid":{"rendered":"https:\/\/climatescience.press\/?p=397882"},"modified":"2025-08-26T10:52:00","modified_gmt":"2025-08-26T08:52:00","slug":"orsted-pull-the-plug-on-ar7","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=397882","title":{"rendered":"Orsted Pull The Plug On\u00a0AR7"},"content":{"rendered":"\n
\"A<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

This may be a fatal blow to Crazy Ed Miliband\u2019s North Sea Wind Fantasy:<\/strong><\/p>\n\n\n\n

\"Headline<\/figure>\n\n\n\n

As we know, Orsted, Denmark\u2019s world leading offshore wind developer, pulled out of its Contract for Difference to build a giant 2400 MW Hornsea 4 wind farm in May. The contract had only been signed last year, with a guaranteed, index linked price on the table of \u00a384.97\/MWh. But they could make no money out of that.<\/p>\n\n\n\n

Crazy Ed was no doubt hoping that they could be tempted back this summer to take advantage of the obscenely higher prices he was offering to fulfil his dream. The new prices of \u00a3116\/MWh he offered were 36% higher than before. But even that was not enough to tempt the Danish Government backed Orsted. According to the Telegraph:<\/p>\n\n\n\n

\u00d8rsted also confirmed that the company would not be offering to build any more UK wind farms in AR7, a blow to <\/em>Mr Miliband\u2019s ambition<\/em><\/a> to decarbonise the grid by 2030.<\/em><\/p>\n\n\n\n

The company insisted this was not a result of developments in the US but reflected the fact that \u201cwe do not have any projects that are eligible to be considered\u201d.<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/business\/2025\/08\/25\/major-british-windfarm-operator-crisis-after-trump-deal<\/a><\/p>\n\n\n\n

Orsted have already been forced to issue a \u00a37billion rights issue, needed to fund existing projects which are no longer viable.<\/p>\n\n\n\n

As the Telegraph report, Orsted\u2019s days of milking billions out of US taxpayers to build their whale killing monstrosities off the coast of New York and New England are over, with Trump insisting on value for money and proper environmental protection.<\/p>\n\n\n\n

Orsted don\u2019t even have enough money to finish off the projects in hand. And their business model of developing new sites and then selling on as cash cows to other investors is no longer viable, with costs increasing and subsidies falling.<\/p>\n\n\n\n

Orsted, with backing from the Danish state, has long dominated UK offshore wind. At last year\u2019s AR6, the only other successful applicant was East Anglia Two, ultimately owned by the Spanish conglomerate, Iberdrola, who only contracted for 900 MW.<\/p>\n\n\n\n

Have any energy businesses or investors now got the sort of money to build the multi billion wind farms in the North Sea that Miliband wants at prices that are remotely viable?<\/p>\n\n\n\n

If nothing else, Orsted\u2019s exit will raise the bar as far as price is concerned. If Crazy Ed is to get the capacity he is so desperate for, he will have to pay through the nose for it.<\/p>\n\n\n\n

Or rather, we will!<\/p>\n\n\n\n

As we know, Orsted, Denmark\u2019s world leading offshore wind developer, pulled out of its Contract for Difference to build a giant 2400 MW Hornsea 4 wind farm in May. The contract had only been signed last year, with a guaranteed, index linked price on the table of \u00a384.97\/MWh. But they could make no money out of that.<\/p>\n\n\n\n

Crazy Ed was no doubt hoping that they could be tempted back this summer to take advantage of the obscenely higher prices he was offering to fulfil his dream. The new prices of \u00a3116\/MWh he offered were 36% higher than before. But even that was not enough to tempt the Danish Government backed Orsted. According to the Telegraph:<\/p>\n\n\n\n

\u00d8rsted also confirmed that the company would not be offering to build any more UK wind farms in AR7, a blow to <\/em>Mr Miliband\u2019s ambition<\/em><\/a> to decarbonise the grid by 2030.<\/em><\/p>\n\n\n\n

The company insisted this was not a result of developments in the US but reflected the fact that \u201cwe do not have any projects that are eligible to be considered\u201d.<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/business\/2025\/08\/25\/major-british-windfarm-operator-crisis-after-trump-deal<\/a><\/p>\n\n\n\n

Orsted have already been forced to issue a \u00a37billion rights issue, needed to fund existing projects which are no longer viable.<\/p>\n\n\n\n

As the Telegraph report, Orsted\u2019s days of milking billions out of US taxpayers to build their whale killing monstrosities off the coast of New York and New England are over, with Trump insisting on value for money and proper environmental protection.<\/p>\n\n\n\n

Orsted don\u2019t even have enough money to finish off the projects in hand. And their business model of developing new sites and then selling on as cash cows to other investors is no longer viable, with costs increasing and subsidies falling.<\/p>\n\n\n\n

Orsted, with backing from the Danish state, has long dominated UK offshore wind. At last year\u2019s AR6, the only other successful applicant was East Anglia Two, ultimately owned by the Spanish conglomerate, Iberdrola, who only contracted for 900 MW.<\/p>\n\n\n\n

Have any energy businesses or investors now got the sort of money to build the multi billion wind farms in the North Sea that Miliband wants at prices that are remotely viable?<\/p>\n\n\n\n

If nothing else, Orsted\u2019s exit will raise the bar as far as price is concerned. If Crazy Ed is to get the capacity he is so desperate for, he will have to pay through the nose for it.<\/p>\n\n\n\n

Or rather, we will!<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As we know, Orsted, Denmark\u2019s world leading offshore wind developer, pulled out of its Contract for Difference to build a giant 2400 MW Hornsea 4 wind farm in May. The contract had only been signed last year, with a guaranteed, index linked price on the table of \u00a384.97\/MWh. But they could make no money out of that.<\/p>\n","protected":false},"author":121246920,"featured_media":397888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"Orsted's exit from the Hornsea 4 wind farm project raises concerns about the viability of UK's offshore wind ambitions. Read more!","jetpack_seo_html_title":"Orsted Exits UK Wind Market: A Setback for Energy Goals","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691822437,691831484,691837520,691818154,691822439,691833487,691818852],"class_list":{"0":"post-397882","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-orsted-2","9":"tag-energy-secretary-ed-miliband","10":"tag-hornsea-4-wind-farm","11":"tag-net-zero","12":"tag-uk-offshore-wind","13":"tag-us-president-donald-j-trump","14":"tag-wind-power","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/AQMqMmQokZhSf57SBrGq5qSj2FQwPYb2-n_Ng4m6m67EzBc7AXMfJGrcc4s2UNxzgaOT4IuGptXkJts-82fhSxEL_iJvzs_0V-VRho-zcQ5OAucO6ES3HVVgAM9QTKg3CwpmPaq2KHkhYtfGenKKTbW7dfMvcg-1.jpeg?fit=1280%2C1280&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1Fvs","jetpack-related-posts":[{"id":425167,"url":"https:\/\/climatescience.press\/?p=425167","url_meta":{"origin":397882,"position":0},"title":"Energy giant revives wind farm after Miliband\u2019s \u00a31.8bn subsidy blitz","author":"uwe.roland.gross","date":"08\/02\/2026","format":false,"excerpt":"\u00d8rsted, the Danish energy company and world's largest offshore wind developer, refers to a recent announcement to revive its Hornsea 4 project in the North Sea. This comes after UK Energy Secretary Ed Miliband (under the Labour government) rolled out a major subsidy package in January 2026 via the Contracts\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":292211,"url":"https:\/\/climatescience.press\/?p=292211","url_meta":{"origin":397882,"position":1},"title":"Orsted Will Switch Part Of Hornsea 3 To Round\u00a06","author":"uwe.roland.gross","date":"21\/12\/2023","format":false,"excerpt":"\u00d8rsted has taken final investment decision (FID) on the world\u2019s single largest offshore wind farm, Hornsea 3, which will have a capacity of 2.9 GW and is expected to be completed around the end of 2027. Hornsea 3 will be \u00d8rsted\u2019s third gigawatt-scale project in the Hornsea zone following Hornsea\u2026","rel":"","context":"In \"\u00d8rsted\"","block_context":{"text":"\u00d8rsted","link":"https:\/\/climatescience.press\/?tag=orsted-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":365462,"url":"https:\/\/climatescience.press\/?p=365462","url_meta":{"origin":397882,"position":2},"title":"Where Will Miliband Get His Offshore Wind Farms\u00a0From?","author":"uwe.roland.gross","date":"08\/02\/2025","format":false,"excerpt":"Yesterday I discussed the likelihood of Orsted pulling out of Hornsea 4, as part of their retrenchment. And with Vattenfall already opposed to joining future CfD auctions, there is now an enormous gap between Miliband\u2019s 2030 plans and reality.","rel":"","context":"In \"Energy Secretary Ed Miliband\"","block_context":{"text":"Energy Secretary Ed Miliband","link":"https:\/\/climatescience.press\/?tag=energy-secretary-ed-miliband"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":378010,"url":"https:\/\/climatescience.press\/?p=378010","url_meta":{"origin":397882,"position":3},"title":"Miliband plots surge in wind farm subsidies to rescue net\u00a0zero","author":"uwe.roland.gross","date":"12\/05\/2025","format":false,"excerpt":"As we know, Orsted cancelled their massive Hornsea 4 offshore wind farm the other day. This has left Mad Miliband\u2019s 2030 Clean Power policy in tatters.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":287091,"url":"https:\/\/climatescience.press\/?p=287091","url_meta":{"origin":397882,"position":4},"title":"Orsted Mulling Private Power Deals For\u00a0Hornsea","author":"uwe.roland.gross","date":"08\/11\/2023","format":false,"excerpt":"A prominent energy project in the UK is reportedly considering the option of engaging in private agreements to secure its future. This potential shift towards private power agreements is driven by mounting concerns regarding the project\u2019s escalating financial costs. From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood\u2026","rel":"","context":"In \"Dogger Bank\"","block_context":{"text":"Dogger Bank","link":"https:\/\/climatescience.press\/?tag=dogger-bank"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Hornsea_3_orsted2.5ff36ddbe0843.webp?fit=1050%2C590&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Hornsea_3_orsted2.5ff36ddbe0843.webp?fit=1050%2C590&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Hornsea_3_orsted2.5ff36ddbe0843.webp?fit=1050%2C590&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Hornsea_3_orsted2.5ff36ddbe0843.webp?fit=1050%2C590&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Hornsea_3_orsted2.5ff36ddbe0843.webp?fit=1050%2C590&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":377608,"url":"https:\/\/climatescience.press\/?p=377608","url_meta":{"origin":397882,"position":5},"title":"Hornsea 4 Cancelled By\u00a0Orsted","author":"uwe.roland.gross","date":"08\/05\/2025","format":false,"excerpt":"This news today has driven a stake through the heart of Mad Miliband\u2019s green energy plans","rel":"","context":"In \"\u00d8rsted\"","block_context":{"text":"\u00d8rsted","link":"https:\/\/climatescience.press\/?tag=orsted-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/397882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=397882"}],"version-history":[{"count":6,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/397882\/revisions"}],"predecessor-version":[{"id":397890,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/397882\/revisions\/397890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/397888"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=397882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=397882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=397882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}