Home > Financial > World's biggest offshore windfarm for UK

World's biggest offshore windfarm for UK

Written by Business World, on 17th Feb 2015. Posted in Financial

article headlineBritain's energy ministry has approved the Dogger Bank Creyke Beck offshore wind project, the world's biggest offshore wind park, it said in a statement today. The project, located in the British sector of the North Sea, is being led by Forewind -- a consortium comprising SSE, RWE, Statkraft and Statoil. The government consent was a major milestone and there's now a six-week judicial review period which is underway, a spokeswoman for the project said. A final investment decision is expected to be taken within around two years, after which construction will begin, the spokeswoman added. It will comprise up to 400 turbines totalling 2,400 megawatts (MW) in capacity, enough electricity for almost 2 million homes. A decision on Forewind's second application, for Dogger Bank Teesside A and B, is expected in August this year. Britain currently has an installed offshore wind capacity of around 4.05 gigawatts (GW), the world's largest, and is targeting up to 41 GW by 2030 in a bid to reduce carbon emissions in its electricity sector. (Reuters) For more visit www.businessworld.ie

More articles from Financial

image Description

Danske Bank CEO quits in $234 bln money laundering scandal

Read more
image Description

Visa, Mastercard reach $6.2 bln settlement over card-swipe fees

Read more
image Description

Central Bank says build resilience into the system during good times

Read more
image Description

83% of Irish insurance CEOs are confident about future business growth

Read more
image Description

One in three felt it was a good time to invest in August

Read more