Anglo-US company Hecate Independent Power Ltd (HIP) on Friday unveiled plans to install 10 GW of fixed and floating offshore wind turbines in the North Atlantic and feed their output to the UK power grid.
The joint venture (JV) of US wind project developer Hecate Wind LLC and UK power plants developer and operator Independent Power Corporation PLC has lodged four connection applications to link the initial 4 GW of grid connections to the UK’s 400-kV transmission system across four connection sites. The connection is planned to be made through a high-voltage direct current (HVDC) subsea cabling system.
The ultimate goal of the HIP Atlantic project is to install 1-GW wind farms with a separate cable connection. The total cost of the initiative is estimated at some GBP 21 billion (USD 29.7bn/EUR 24.3bn).
As a start, the Anglo-US developer intends to deploy 2 GW of capacity in the southern and eastern coasts of Iceland, but the turbines will not be hooked to the Icelandic transmission system. The island nation will nevertheless benefit from the job creation during the 2-GW phase, the JV said.
The turbines will go online at the start of 2025.
According to the statement, HIP is finalising an institutional investment of ordinary equity capital into the project vehicle behind the first duo of fixed-bottom schemes.
Cables for the massive project are planned to be made in England.
(GBP 1.0 = USD 1.414/EUR 1.159)
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