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ScottishPower to create 3.1-GW UK offshore wind bundle

ScottishPower Renewables celebrates first turbine being installed for East Anglia One windfarm. Image by: ScottishPower Renewables

November 26 (Renewables Now) - ScottishPower Renewables, part of Spanish utility Iberdrola SA (BME:IBE), announced today it plans to combine three separate offshore wind projects in the UK into a single development totalling 3,100 MW.

Specifically, the company intends to bring together the 1,700-MW East Anglia One North and Two projects, for which it has submitted planning applications, with the 1,400-MW East Anglia Three, which has already secured planning consent. The combined development will be known as The East Anglia Hub.

ScottishPower Renewables calculates the overall investment required to build the three wind farms at around GBP 6.5 billion (USD 8.36bn/EUR 7.58bn). It hopes to confirm the major suppliers within the next 10 months, with the goal of launching building works in 2022. The construction process for the entire hub is expected to last four years.

Jonathan Cole, Iberdrola’s managing director for Global Offshore Wind, stated that the UK would need to rely on offshore wind to provide most of its new renewable power if it is to achieve its 2050 net zero carbon commitment.

“This ambition is being supported by political parties across the UK and is highly achievable, but it needs ongoing commitment to a supportive regulatory framework that spans across government departments. This is likely to include reform of the grid and planning frameworks, as well as providing greater visibility of the future of the UK electricity market,” he added.

(GBP 1.0 = USD 1.286/EUR 1.167)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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