Flagship Demonstration Project is a 10MW offshore wind power project. It is planned in North Sea, Norway. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in a single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2023. Buy the profile here.
The project is being developed and currently owned by Iberdrola. The company has a stake of 100%.
The project cost is expected to be around $68.133m. The turbines will be mounted on floating semi-submersible foundations.
The wind power project consists of 1 turbine with 10MW nameplate capacity.
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2023.
For more details on Flagship Demonstration Project, buy the profile here.
Iberdrola SA (Iberdrola) is an energy utility. It constructs, operates and manages power generation plants, transmission and distribution facilities and other assets. The company produces electricity using conventional and renewable energy sources. It also trades electricity and gas in wholesale markets; and retails electricity, gas, and other related products and services. Iberdrola retails energy to residential, commercial, industrial, institutional and other customers. In its transition to a sustainable energy model, the company makes considerable investments in smart grids, renewable energy, large-scale energy storage and digital transformation, Iberdrola operates in Europe, North America, South America and other regions. Iberdrola is headquartered in Bilbao, Vizcaya, Spain.