Dong signed a memorandum of understanding in July 2015 to explore the potential of the 800-acre, £450m ($584m) planned facility on the Humber Estuary as it looks to support nearby projects such as the 1.2GW Hornsea 1.

But the Danish group said today: “Following a detailed review we have concluded that the timescales for development of such a hub would preclude it providing support for any of our planned projects.