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November 26, 2021

Blyth Offshore Wind Demonstration Site, UK

By Carmen

Blyth Offshore Wind Demonstration Site is a 41.5MW offshore wind power project. The project is located in North Sea, England, the UK. The project is currently active. It has been developed in single phase. The project construction commenced in 2017 and subsequently entered into commercial operation in October 2017.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 41.5 41.5 Active England, the UK EDF Renewables

Description

The project was developed by EDF Renewables. EDF Renewables and Tenaga Nasional are currently owning the project having ownership stake of 51% and 49% respectively.

The wind turbines in the project are installed on fixed foundations. An array of gravity-monopile foundations feature in the project.

The project supplies enough clean energy to power 34,000 households, offsetting 57,600t of carbon dioxide emissions (CO2) a year. The project cost is $212.273m.

Development Status

The project is currently active. The project construction commenced in 2017 and subsequently entered into commercial operation in October 2017.

Contractors Involved

Vestas Offshore Wind was selected as the turbine supplier for the wind power project. The company provided 5 units of V164-8.0 MW Offshore turbines, each with 8.3MW nameplate capacity.

Vestas Offshore Wind is the O&M contractor for the wind power project. The operation and maintenance contract commenced from 2017, for a period of 15 years.

About EDF Renewables

EDF Renewables SA (EDF Renewables), a subsidiary of Electricite de France SA, develops, constructs, operates and maintains green electricity power plants in Europe and North America. The company produces electricity through various renewable energy sources such as wind, solar, hydro, and biomass. Its business activities include project development, production site construction, development and sale of structured assets, power generation, and operation and maintenance of energy generating facilities. The company develops, constructs and operates renewable energy plants not only for its own operation, but also for third parties. EDF Renewables has international presence with operations in the US, Mexico, Canada, Spain and other countries such as Europe, South Africa, and India. EDF Renewables is headquartered in Paris, France.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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