2021-03-26 11:50:00
WIND ENERGY FOR BRITAIN $2.2 BLN
RENEWABLES NOW - March 25 - Germany's RWE AG (ETR:RWE) has taken the final investment decision (FID) on its 1.4-GW Sofia wind project in UK waters that is budgeted at around GBP 3 billion (USD 2.19bn/EUR 2.54bn).
The energy major said on Wednesday it intends to start onshore enabling works this spring, while offshore construction activities are due to be launched in 2023. The huge power plant, which is RWE’s largest offshore installation, will be up and running by the fourth quarter of 2026.
The project has in place a Contract for Difference (CfD), secured back in 2019, at a strike price of GBP 39.65 per MWh.
The Sofia wind farm will be located 195 kilometres (121.2 miles) off the UK’s North East coast in the shallow area of the central North Sea, known as Dogger Bank. Once fully operational, it will be capable of producing electricity for 1.2 million UK homes per year.
Siemens Gamesa Renewable Energy SA (BME:SGRE) has been chosen to supply 100 of its 14-MW SG 14-222 DDturbines, while a final contract has not been struck yet. RWE said it will now proceed to finalise contracts with suppliers in the coming weeks.
Port options are also being reviewed to locate the project’s long-term operations and maintenance base.
GE Renewable Energy’s Grid Solutions and Sembcorp Marine are lined to supply a transmission system with two HVDC converter stations for the project, Dutch contractor Van Oord has been picked to supply monopile foundations, while Italy’s Prysmian SpA was chosen for the plant’s high voltage submarine and land export cable connection.
(GBP 1.0 = USD 0.729/EUR 0.845)
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