Vattenfall Building Denmark's Largest Offshore Wind Farm

Swedish state-owned Vattenfall said on Friday it had started construction on Denmark's largest offshore wind farm in the North Sea, able to power 425,000 households.

The 406 MW Horns Rev 3 wind farm will consist of 49 8.3 MW-turbines delivered by MHI Vestas, a joint venture between Vestas and Mitsubishi Heavy Industries.

"Horns Rev 3 is the first of three offshore farms that Vattenfall will construct in Denmark in the coming years," said head of Vattenfall's wind division Gunnar Groebler.

The construction work will take place in North Sea, 34 km off Denmark's west coast and will stretch over 88 square kilometers.

Vattenfall won the Horns Rev 3-contract in 2015 with a bid to produce electricity for 103 euros ($121.57) per megawatt hour (MWh) but prices have more than halved since then. It won the Kriegers Flak project off Denmark's coast with a bid of 49.9 euros/MWh in November 2016.

Reporting by Julie Astrid Thomsen