View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 21, 2016

Vattenfall to invest £300m on Scotland’s Aberdeen offshore windfarm

Swedish power company Vattenfall has decided to invest more than £300m for the development of the 92.4MW, 11 turbine Aberdeen offshore windfarm in Scotland.

By Lopamudra Roy

Swedish power company Vattenfall has decided to invest more than £300m for the development of the 92.4MW, 11 turbine Aberdeen offshore windfarm in Scotland.

Vattenfall has agreed to acquire a 25% share of the Aberdeen Renewable Energy Group for an undisclosed sum.

The European power company also intends to own an 100% stake in Aberdeen Offshore WindFarm, which operates the European Offshore Wind Deployment Centre (EOWDC).

"We are confident the new UK and Scottish governments will support offshore wind as the industry lowers the cost of energy significantly."

Vattenfall's wind business area senior vice-president and head Gunnar Groebler said: “Vattenfall’s green light for the EOWDC underlines our long-term ambition to grow our wind power capacity, including in the UK.

“The UK Government believes that windpower should continue to provide an essential part of the UK’s low carbon electricity generation mix and so we remain committed to expanding our UK operations.

“In particular, we are confident that the new UK and Scottish governments will continue to support growth in offshore wind as the industry lowers the cost of energy significantly.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology