Innogy's 1.4 GW Sofia offshore wind project in UK secures CfD
innogy SE confirmed that its 1.4 GW Sofia offshore windfarm has secured a contract from the UK Department for Business, Energy & Industrial Strategy (BEIS) the latest contract for Difference (CfD) auction round to support renewable energy projects.
The CfDs are awarded for 15 years.
The project wins a price of GBP39.65/MWh (US$49.3/MWh). It can now move on to the next level that includes the final investment decision and construction phase.
The final investment decision for the windfarm is expected to be completed in 2020, following which onshore works will begin in 2021. Offshore construction works at the site will start in 2022, with Sofia windfarm expected to become fully operational by the end of 2026.
It is expected to generate enough energy to power 1.2 million homes in the UK annually. The investment in the project is expected to be GBP3 billion (US$3.7 billion) and it will be completely owned by innogy.
Country updates
-
-
October 18, 2019
SSE secures 2.2GW of new offshore CfD contracts
SSE Renewables is set to be awarded of 15-year contracts in UK’s third Contract for Difference (CfD) Allocation Round for low carbon power from offshore wind at low strike prices. Dog...
Read more -
October 18, 2019
Greencoat UK Wind to buy 48.5 MW Glen Kyllachy onshore wind farm from Innogy
Greencoat UK Wind has agreed to buy the Glen Kyllachy wind farm from Innogy for a headline consideration of GBP57.5 million (US$71.49 million). Glen Kyllachy is a 48.5MW subsidy-free project loca...
Read more -
October 17, 2019
Gore Street Energy Storage secures GBP11mn investment
Gore Street Energy Storage Fund, a Fund dedicated to sustainable energy projects and investment manage by Gore Street Capital, has closed a GBP10.7 million (US$13.8 million) investment from a launched...
Read more -
October 17, 2019
Just Energy offloads Hudson UK to Shell Energy
Just Energy Group Inc. has executed a share purchase agreement to sell the company’s UK operations, Hudson Energy Supply UK Limited, to Shell Energy Retail Limited for up to GBP10.5 million (US$...
Read more -
October 16, 2019
Siemens delivers 1st onshore transformer for 857 MW Triton Knoll Offshore Wind Farm in Lincolnshire
Siemens delivered the first transformer to the onshore substation site of Triton Knoll Offshore Windfarm. The transformers set sail from Austria, where they were manufactured, to Sutton Bridge port i...
Read more
