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June 19, 2017

Vattenfall’s new 54.4MW Ray windfarm in UK becomes fully operational

Vattenfall’s new 54.4MW windfarm in Northumberland, UK, has become fully operational.

Vattenfall’s new 54.4MW windfarm in Northumberland, UK, has become fully operational.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Developed with an investment of around £90m, the Ray windfarm features 16 3.4M104 Senvion turbines. On an annual average, the farm will be able to produce enough renewable power to meet the equivalent annual demand of more than 30,000 UK households.

Scottish civil engineering firm RJ McLeod was also involved in the windfarm's development, which took around two years to complete.

Commissioning of Ray follows the completion of Vattenfall’s new Pen y Cymoedd farm in Wales in May this year. It is equipped with 76 turbines.

"Ray windfarm is now fully operational, just a few weeks after its bigger sister, Pen y Cymoedd, hit the same target."

Vattenfall's wind business area head Gunnar Groebler said: “Vattenfall continues to grow its wind business in the UK with Ray windfarm now fully operational, just a few weeks after its bigger sister, Pen y Cymoedd, hit the same target.”

Gunnar further added: “We’re convinced that onshore wind can and will help keep energy bills down for consumers and businesses, while driving clean economic growth. That is why we continue to develop good projects in the UK.”

Vattenfall serves markets in Denmark, Finland, the Netherlands, Germany, the UK, and Sweden.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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