The Race Bank offshore wind farm with a capacity of 573 MW, which is enough to provide electricity for some 400,000 British households, is located in the UK coastal waters about 25 km away from Blackeny Point Nature Reserve on the North Norfolk Coast and 27 km from Chapel Saint Leonards on the Lincolnshire Coast. The power plant consists of 91 Siemens SWT-6.0-154 wind turbines, each having a capacity of 6 MW.
In December 2013, Danish energy company Ørsted acquired a 100% stake in the Race Bank project from Centrica, a British energy company, at the moment that it had already received permission to develop the project (in July 2012). In December 2016, a 50% stake in the project was sold to Macquarie Capital, an Australian investment bank.
In February 2019, Ørsted signed a 10-year corporate agreement with Northumbrian Water, a water supply company, to supply electricity from the Race Bank plant.
In 2015, the construction began and it was completed in 2018. In June 2018, the power plant was commissioned.
Race Bank Extension
In October 2018, Ørsted received approval from the UK government to progress its Race Bank Extension offshore wind farm. Race Bank Extension is a joint venture between Ørsted (70%), Green Investment Group (17.5%) and Sumitomo Corporation (12.5%).