ScottishPower Renewables has made a final investment decision to go ahead with the construction of £2.5bn East Anglia ONE Offshore wind farm off the Suffolk Coast.

The project is in line with the company’s strategy to meet the government’s cost reduction targets.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

East Anglia ONE is expected to start services in 2020 and is the first of four wind farms that ScottishPower is planning to build off the East coast.

Construction on the 102-turbine facility will begin in 2017, with plans to install first turbines by 2019.

"East Anglia ONE will deliver substantial environmental benefits for the UK, it will stimulate considerable UK investment, and it will support thousands of jobs."

During the construction phase, the wind farm will create nearly 3,000 jobs.

See Also:

ScottishPower Renewables East Anglia ONE project director Charlie Jordan said: "East Anglia ONE will deliver substantial environmental benefits for the UK, it will stimulate considerable UK investment, and it will support thousands of jobs."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Upon completion, East Anglia ONE is said to become the best value offshore windfarm in the world, and one of the largest with a capacity of around 714MW.

An offshore substation will collect the electricity from the turbines and transform it to a form suitable for transfer to shore.

The electricity generated at the plant will be enough to power nearly 500,000 homes. It is transported using two offshore export cables.

Jordan added: "Offshore wind has proven itself as a technology that works, and the more offshore wind capacity we have in the UK, the more secure our energy supplies will be.

"East Anglia has some of the best conditions anywhere in the world for the development of offshore wind, and we are fully committed to the region, with future developments already in the pipeline."

The Port of Lowestoft will serve as the operational base for the project, under a £25m deal.