26 Nov '13, 8am
RWE scraps 1.2GW Atlantic Array
RWE blames the relatively deep water and adverse seabed conditions in the zone, saying the technical challenges make the project economically prohibitive “in current market conditions”. Instead, it will shift its focus to progressing “more technically and economically viable” offshore wind projects, noting that even in the absence of Atlantic Array its pipeline stretches to 5.2GW. Richard Sanford, head of offshore wind projects at RWE told Recharge: “This is a very challenging project technically and if you look at the costs and the revenues, the economics won’t work. “The Crown Estate has carried out Log in to read complete article.