French nuclear electric power generation firm Électricité de France (EDF) has acquired the 450MW Neart na Gaoithe offshore wind farm project from Mainstream Renewable Power through EDF Renewables following a competitive bidding process.
EDF Renewables is a joint subsidiary company of EDF Energy and EDF Energies Nouvelles.
Located at Firth of Forth off the east coast of Scotland, Neart na Gaoithe will have an annual capacity to generate 450MW of renewable energy, which is enough to power 375,000 homes in the region.
EDF Renewables senior executive president Bruno Bensasson said: “This large-scale new offshore project demonstrates our strong ambition in being a leading global player in the offshore wind industry.
“It confirms EDF Group’s wider commitment to renewables in countries where EDF already has a strong footprint such as the UK.
“The project is consistent with the CAP 2030 strategy that aims at doubling EDF’s renewable energy generation by 2030.”
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The Neart na Gaoithe is a fully consented offshore wind project, which covers 105km² and has a 15-year contract for difference at €140.
The project also has grid connection agreements in place.
A £1.8bn investment will be required to deliver the project and project commissioning is expected to take place in 2023.
Mainstream Renewable Power chief executive officer Andy Kinsella said: “We are very pleased to be bringing in such an established partner and supporter of the Scottish energy industry in EDF Renewables to this vital infrastructure project for Scotland.
“The completion of this sale adds to Mainstream’s global track record as the leading independent developer of some of the most significant and complex wind and solar projects across Europe, South America, Africa and Asia.
“The Neart na Gaoithe offshore wind farm has been fully developed by Mainstream and we are delighted to be handing over this world-class project.”