November 8 (Renewables Now) - Irish state-owned utility Electricity Supply Board (ESB) is holding advanced discussions to acquire a 50% stake in the 450-MW Neart na Gaoithe (NnG) offshore wind farm in Scottish waters, Bloomberg reports.
People familiar with the matter told the news agency that a final agreement has not yet been reached but it could be announced as soon as the next few weeks.
The GBP-1.8-billion (USD 2.3bn/EUR 2.1bn) offshore wind project is owned by French peer Electricite de France SA (EPA:EDF), which bought it from developer Mainstream Renewable Power Ltd in May 2018.
The 54-turbine wind farm will be constructed in the Firth of Forth off the east coast of Scotland. It is fully-consented and has a 15-year Contract for Difference (CfD) at a rate of EUR 140 (USD 154) per MWh. Completion is scheduled for 2023.
(GBP 1.0 = USD 1.280/EUR 1.161)
(EUR 1.0 = USD 1.103)