NE8 Floating Wind Offshore Project is a 1,000MW offshore wind power project. It is planned in North Sea, Scotland, the UK. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2028.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 1,000 | – | 1,000 | Announced | Scotland, the UK | BayWa r.e. UK; BW Ideol; Elicio |
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Description
The project is being developed by BayWa r.e. UK, BW Ideol and Elicio. These companies also have ownership stakes in the project.
The project cost is expected to be around $4,487.5m. The turbines will be mounted on floating type foundations.
Development Status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2028.
About BW Ideol
BW Ideol AS (BW Ideol) is an operator of renewable energy platforms for an offshore energy production system. Its engineers innovative floating production solutions to progress the future of energy. The company build on four decades of offshore operations and project execution to create tailored offshore energy solutions for evolving global markets. It also delivers with a combined engineering and operating mindset when designing new FPSOs, preparing redeployments and exploring new opportunities. The company is headquartered in Oslo, Norway.
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.
