Aberdeen announces investment in wind farm

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Aberdeen announces investment in wind farm

Vattenfall has decided to invest more than SEK3 billion (US$346 million) in the 92.4 MW Aberdeen European Offshore Wind Deployment Centre (EOWDC) off the Scottish coast.

The project is being developed by Aberdeen Offshore Wind Farm Limited a joint venture formed by Vattenfall with the 75% of the shares and Aberdeen Renewable Energy Group with the remaining 25%.  In line with earlier agreements, Vattenfall will acquire Aberdeens’ shares and become the sole owner of the project.

The facility has a projected capacity of 92.4 MW through 11 turbines, although a maximum of 100 MW has been consented. The site is about 2km to 5km off Aberdeen’s coast. Apart from generating electricity, it will also be a centre for testing and developing new technologies for offshore wind power.

Construction of the wind farm offshore is expected to start in the latter part of next year so that it can start generating electricity in spring 2018. Onshore construction activity will start later this year.

The original plan was to install 33 turbines. However, due to marine safety and environment conditions among other issues the number was reduced to 11 turbines.

Magnus Hall, CEO and President of Vattenfall, said:

“We aim to double our wind power capacity from 2 to 4 GW by 2020 and are focusing on reducing and streamlining our offshore wind power costs. Our investment in the European Offshore Wind Deployment Centre off Aberdeen is an important part of this process.”

 “This project underscores our long-term aim to extend our wind power capacity in Great Britain. The British government wants wind power to continue making up a significant part of the country’s climate-neutral electricity generation. We aim to be a part of this development and grow in Great Britain.”

List of country news

Country news

  • July 21, 2016

    PiP Multi-Strategy Infrastructure Fund refinances rooftop solar portfolio

    Pensions Infrastructure Platform (PiP) has provided £27.5 million (US$36.1 million) of inflation-linked debt financing to refinance a portfolio of 2366 rooftop solar assets being arranged by Novatio Capital Limited. Read more
  • July 19, 2016

    European Energy A/S signs agreement with PFA Pension for sale of portfolio of solar PV plants in the UK

    European Solar Farms A/S, a subsidiary of European Energy A/S, has signed a conditional agreement concerning the sale of 3 solar PV plants located in the United Kingdom to PFA Infrastruktur Holding ApS, a subsidiary of PFA Pension. Read more
  • July 15, 2016

    Cubico acquires solar portfolio in UK

    Cubico Sustainable Investments, the global leader in renewable energy and water investment, has announced it has acquires ten operational solar projects in UK with a total capacity of 65 MW from British Solar Renewables (BSR). Read more
  • July 11, 2016

    Lightsource Renewable Energy appoints head of equity fundraising

    Lightsource Renewable Energy, Europe’s leading solar energy generator, has recently announced the appointment of Shane Swords as Head of Equity Fundraising. Read more
  • July 08, 2016

    AXA Investment Managers boosts Responsible Investment team with new hire

    AXA Investment Managers (AXA IM) has announced the appointment of Alix Chosson as Energy Fundamentals Analyst within the firm’s Responsible Investment (RI) team. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.