EFK, GIEK finance 1,140 MW Seagreen 1 offshore wind project in the Firth of Forth
EKF, together with the Norwegian ECA GIEK and 12 commercial banks, has provided project financing to Seagreen, a new offshore wind farm off the east coast of Scotland. EKF is providing a guarantee of GBP304 million (US$386 million), while GIEK will finance NOK1.6 billion (US$172.5 million) of guarantee coverage.
When the offshore wind farm is completed in 2022, its capacity of 1.14 GW will be able to provide green electricity to approximately one million Scottish households. Seagreen will be equipped with no less than 114 MHI Vestas 10 MW wind turbines.
The Seagreen project is owned by Scottish SSE Plc. and French Total.
Country updates
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June 09, 2020
Lamprell to provide turbines for Seagreen offshore wind farm project
Lamprell has received a Letter of Award (LOA) from Seaway 7, the Renewables business unit of Subsea 7, the lead engineering, procurement, construction, and installation contractor on the Sea...
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June 08, 2020
Vattenfall fails to secure planning permit for 340 MW Thanet Extension project
The Secretary of State for Business, Energy, and Industrial Strategy has refused the development consent for Vattenfall's application to build the Thanet Extension Offshore Wind Farm. Vattenfall has...
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June 05, 2020
Ørsted, PKA, and PFA divest Walney Extension transmission assets
Walney Extension Limited, a joint venture owned by Ørsted (50%), PKA (25%), and PFA (25%), has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Walne...
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June 03, 2020
GBP 450 million solar-storage complex approved in the UK
The Secretary of State for Business, Energy and Industrial Strategy (BEIS) in the UK has granted the development consent for the proposed Cleve Hill Solar-Storage Park on the North Kent...
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June 03, 2020
SSE Renewables enters agreement with Total for 51% stakes in Seagreen Scottish offshore wind project
SSE Renewables has taken a final investment decision to proceed with the Seagreen 1 offshore wind farm. Located in Scottish waters in the Firth of Forth, at 1,075MW, Seagreen 1 will be Scotland’...
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