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Siemens Energy Wins €1 Billion Converter Deal for Bornholm Energy Island

The award signals a restart of the DenmarkGermany offshore hub with commissioning targeted in the mid‑2030s.

Overview

  • Transmission operators 50Hertz and Energinet selected Siemens Energy to deliver four converter units for the Baltic Sea project.
  • The contract covers design, manufacturing, transport, installation, testing and commissioning of the converter systems.
  • Bornholm Energy Island will route offshore wind power via subsea cables with 2 GW capacity to Greifswalder Bodden in Germany and 1.2 GW to Zealand in Denmark.
  • Energinet will receive about €645 million in EU funding to reduce Denmark’s investment share in the roughly €7 billion project.
  • The German government will provide a liability guarantee for outages affecting the German link, a step cited as necessary to enable wind‑farm auctions.