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Hornsea Project 2

Live
Offshore Wind  · AR2  · England
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Hornsea Project 2 is a 1,386 MW offshore wind project in England that secured a Contract for Difference in Allocation Round 2. The site has 165 turbines rated at 8 MW each. REPD lists the operator as Orsted (formerly Dong Energy). Its strike price is £57.50/MWh in 2012 prices; 18 of the 35 offshore wind contracts have a lower strike, and it is £7.13 below the technology average of £64.63. The 3 offshore wind contracts awarded in AR2 range from £57.50 to £74.75/MWh, averaging £63.25. The contract is live, with LCCC settlement data published from March 2024. LCCC's auction data puts it at around 1,440,300 homes powered.

Strike Price
£57.50
per MWh
Capacity
1,386
MW
Delivery Year
2022
Operational Start
31/08/2022
Location & Representation
England
England
Site
Planning status
Operational
Operational 31/08/2022
Turbines
165 × 8.0 MW
Location
53.9597, 1.5431
↗ View on map
REPD ref 2502
CfD Details
CfD ID
HORNSEA_PROJECT_2
Allocation Round
AR2
Technology
Offshore Wind
Status
Live
Homes Powered
1,440,300
Developer
Breesea Limited
vs Offshore Wind Peers
This project £57.50
Tech average £64.63
Range £37.35–£119.89
Contracts 35
Total MW 30,005
Generation & Payment History
Export history
Period Generation (MWh) CfD Payment Market Price — IMRP (£/MWh) Indexed Strike (£/MWh) Net to Generator (£/MWh)
2026-09 112,013 ↓ £1.8M payback £98.13 £82.49 £82.49
2026-08 262,715 ↓ £11.5M payback £126.20 £82.49 £82.49
2026-07 313,049 ↓ £3.5M payback £93.54 £82.49 £82.49
Market Price is the generation-weighted Intermittent Market Reference Price (IMRP) published by LCCC, in current prices. CfD strike prices are quoted in 2012 prices but settled at a CPI-indexed value, so the Indexed Strike shown here is derived from the actual settlement: IMRP + (CfD Payment ÷ MWh). This project's stated strike is £57.50/MWh in its allocation round price base. Hover the Indexed Strike for the indexation factor. Net to Generator is what the generator effectively receives per MWh after the CfD top-up or payback.
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Offshore Wind — Nearest Strike Prices

Projects with the most similar strike prices to this contract across all rounds.

Project Round Strike Price Capacity Region Status
Moray Offshore Windfarm (East) AR2 £57.50/MWh 950 MW Scotland Live
Hornsea Project 2 This project AR2 £57.50/MWh 1,386 MW England Live
Hornsea Project Four Offshore Wind Farm AR6 £58.87/MWh 2,400 MW England Not yet
East Anglia Two, Phase 1 AR6 £58.87/MWh 963 MW England Not yet
Inch Cape A AR6 £54.23/MWh 177 MW Scotland Not yet
Inch Cape B AR6 £54.23/MWh 89 MW Scotland Not yet
EA3B AR6 £54.23/MWh 159 MW England Not yet
Hornsea Project Three Offshore Wind Farm AR6 A AR6 £54.23/MWh 360 MW England Not yet
Hornsea Project Three Offshore Wind Farm AR6 C AR6 £54.23/MWh 360 MW England Not yet
Moray Offshore Windfarm (West) String 9 AR6 £54.23/MWh 74 MW Scotland Not yet
Hornsea Project Three Offshore Wind Farm AR6 B AR6 £54.23/MWh 360 MW England Not yet
Seagreen Phase 1 AR3 £41.61/MWh 454 MW Scotland Not yet
Doggerbank Creyke Beck B P1 AR3 £41.61/MWh 1,200 MW England Not yet
Doggerbank Teeside A P1 AR3 £41.61/MWh 1,200 MW England Not yet
Triton Knoll Offshore Wind Farm AR2 £74.75/MWh 860 MW England Live
Forthwind AR3 £39.65/MWh 12 MW Scotland Not yet
Doggerbank Creyke Beck A P1 AR3 £39.65/MWh 1,200 MW England Not yet
Sofia Offshore Wind Farm Phase 1 AR3 £39.65/MWh 1,400 MW England Not yet
Inch Cape Phase 1 AR4 £37.35/MWh 1,080 MW Scotland Not yet
EA3 Phase 1 AR4 £37.35/MWh 1,372 MW England Not yet