Construction of the project is set to start in 2013 with the first turbine expected to come online in 2014. Dong said it has a 13-year fixed price agreement for energy produced on the wind farm.
Dong is yet to make a decision on the neighbouring 480MW Borkum Riffgrund 2 project.
The two wind farms were initially jointly-owned by Dong and PNE Wind. Dong acquired PNE’s 50% share in December 2009. As part of the deal, PNE agreed to act as the service provider.