Gwynt y Mor offshore wind farm reaches 100 installed turbines

Dec 4, 2013 - RWE Innogy, the renewables unit of German RWE AG (ETR:RWE), completed on Thursday the installation of the hundredth out of 160 wind turbines for the 576-MW Gwynt y Mor offshore wind farm located 12 km (7.5 miles) off the North Wales coast.

RWE Innogy has a 60% stake in the wind farm, German utility Stadtwerke Muenchen (SWM) owns 30% and Siemens AG (ETR:SIE) holds the remaining 10% of the project worth EUR 2 billion (USD 2.7bn).

The construction of the turbines commenced in May 2013. The Gwynt y Mor farm is among the largest offshore wind projects worldwide and will produce enough power for around 400,000 homes upon completion. The wind farm is due to be fully operational by the end of 2014.

SWM aims to reach 7.5 billion kWh annual output from its own renewable energy assets by 2025 in order to meet 100% of the electricity needs of the city of Munich with renewables. SWM currently generates 2.8 billion kWh of green power per year which is enough to meet 37% of Munich's electricity consumption.

(EUR 1.0 = USD 1.359)

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