Vattenfall and Stadtwerke München agree to co-invest in Sandbank offshore wind farm
Vattenfall and Stadtwerke München (Munich City Utilities, SWM) have decided to jointly invest about 11 billion Swedish kronor (€1.2 billion) in a second joint offshore wind farm off the German North Sea coast.
The offshore wind project Sandbank will include 72 units of 4 MW Siemens SWT-4.0-130 wind turbines (totaling 288 MW) and is expected to annually generate 1.4 TWh of renewable electricity, equivalent to the consumption of about 400,000 households. Vattenfall has a share of 51 percent and will invest about 5.6 billion Swedish kronor in the project. SWM will retain a 49 % stake.
Following the DanTysk offshore wind farm, Sandbank is now the second largest infrastructure project that Vattenfall and SWM are undertaking together.
Vattenfall and Stadtwerke Munich's first joint wind farm in DanTysk will be operational in 2015.
Each of Sandbank and DanTysk will have an installed capacity of 288 MW. Construction on the wind farm Sandbank is scheduled to start in 2015.
Gunnar Groebler, Head of the Renewables Business Unit for Vattenfall's Continental/UK region, stated:
The Sandbank project is further testament to Vattenfall's strategy of consistently focusing our growth efforts on the expansion of renewable energy. We know how to work offshore and we see it as a significant building block in the success of the energy transition (Energiewende) in Germany.
Vattenfall has more than 900 wind turbines in operation in Sweden, Denmark, Germany, the Netherlands and the United Kingdom. The company is the second largest operator of offshore wind power and at the end of 2013, a 12.5% share of the offshore wind energy in the world (850 MW out of 6900 MW).
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