ScottishPower to move ahead with £2.5bn offshore wind farm development in UK
ScottishPower Renewables, unit of Spanish energy firm Iberdrola, has made final investment decision to move ahead with the planned £2.5bn ($3.48bn) East Anglia One offshore wind farm off 43km from the Suffolk Coast.
The 714MW wind project is expected to create up to 3,000 jobs during construction phase, which is planned to commence in 2017. The project is scheduled to be commissioned by 2020.
Featuring 102 wind turbines, the East Anglia One project will generate enough electricity required to power 500,000 homes or the majority of the households in Suffolk and Norfolk.
The project is a 50-50 joint venture between Sweden's state-owned utility Vattenfall and Scottish Power Renewables.
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.
"ScottishPower Renewables is leading the way with its approach of actively working towards a target of at least 50% UK supply chain content over the lifetime of the East Anglia ONE project."
In an auction, the UK Government has set the electricity tariff for the project at £119 per megawatt-hour.
ScottishPower plans to produce and source more than half of the components for the project in the UK.
The project includes an offshore substation, two offshore export cables, a landfall site with onshore transition pits to connect the offshore and onshore cables, six onshore underground cables, and an onshore substation adjacent to the existing substation at Bramford, Suffolk.
The project is expected to contribute to the UK's target of having an installed offshore wind capacity of over 10GW by the end of the decade.
Image: ScottishPower plans to produce more than half of the components for the project in the UK. Photo: courtesy of Iberdrola, S.A.