27 Jul '16, 12pm

Vattenfall to fund Scottish offshore wind farm

Vattenfall’s investment decision triggers an agreement for the European energy company to acquire the Aberdeen Renewable Energy Group’s 25% share for an undisclosed sum and become the 100% owner of Aberdeen Offshore Wind Farm Limited, the company behind the European Offshore Wind Deployment Centre (EOWDC) , also known as the Aberdeen Offshore Wind Farm. Together, Swedish energy company Vattenfall and its partner, the Aberdeen Renewable Energy Group, have been developing the European Offshore Wind Deployment Centre. Vattenfall gave the green light yesterday to fully fund the innovative 92.4MW, 11 turbine project. The £300 million EOWDC will test and demonstrate cutting-edge offshore wind technology and once operational in 2018 will boost the industry’s drive to competitive clean power. Gunnar Groebler, Senior Vice President and Head of Business Area Wind at Vattenfall, said...

Full article: http://www.renewableenergyfocus.com/view/44541/vattenfall...

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