27 Feb '15, 12pm

East Anglia ONE Offshore Windfarm secures 714MW contract

ScottishPower Renewables has hailed a major breakthrough in efforts to reduce the costs of offshore wind after the East Anglia ONE project successfully secured a Contract for Difference (CfD) in the completive competitive auction process run by the UK Government. The successful bid was announced today as the shareholders work towards ScottishPower Renewables’ purchase of Vattenfall’s 50% share in East Anglia ONE. Scottis Power Renewables will take the project forward initially as a 714 MW development after winning the auction with a price of £119/MWh. ScottishPower Renewables, which led East Anglia ONE’s participation in the auction, has been able to bid at a price that is lower than anything previously seen in large scale offshore wind thanks to the engineering, procurement and operational efficiencies that have been introduced in to the project. The development will see ...

Full article: http://www.renewableenergyfocus.com/view/41520/east-angli...

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