Scheduled to be commissioned in 2017, the wind farm will have the capacity to generating electricity required to power 450 000 households.
The company is due to secure approval from the Danish Parliament and EU for the wind project concession.
Vattenfall CEO Magnus Hall said that the Horns Rev 3 wind farm development marks a significant step towards achieving the goals of Denmark and the EU to reduce CO2 emissions and generate 30% of the total power generation from renewable energy sources in 2020.
Hall said in a statement: "This large, planned offshore wind farm will affect Vattenfall’s ambitions concerning wind power and especially our focus on offshore wind farms.
"That gives us even better ways and means to develop sustainable energy production to become both profitable and competitive – in benefit of the Danish consumers."
Vattenfall, which owns a 60% stake of the Horns Rev 1 offshore wind farm, is developing two other offshore wind farms, Dan Tysk and Sandbank, in the German part of the Nordic Sea, in partnership with Stadtwerke München.
The company owns about 1,800MW power generation projects, of which 1,000MW are offshore.
Vattenfall Nordic Wind Power operations head Alberto Mendez Rebollo: "Our Control Center in Esbjerg today monitors more than 1000 wind turbines, offshore and on shore, and Horns Rev 3 will imply positive synergies in operation and maintenance of offshore wind farms in the Nordic Sea."
Image: Vattenfall owns 60% stake of the Horns Rev 1 offshore wind farm in Denmark. Photo: courtesy of Heidi Lundsgaard/ Vattenfall.
