SSE has 3 wind projects for upcoming CfD round

UK energy company SSE plc (LON:SSE) said earlier this week it has three wind projects which are expected to be eligible to enter the third Contracts for Difference (CfD) allocation round in the UK.

The auction starts on May 29 and will award contracts for less-developed renewable energy technologies. The successful projects have to be delivered in 2023-2024 and 2024-2025.

One of the eligible SSE projects is the up to 1,050-MW Seagreen Phase 1 offshore wind scheme. The company holds 100% of the project after buying Fluor’s 50% share in September 2018. The park consists of two offshore wind projects in the outer Firth of Forth and Firth of Tay in Scotland -- Seagreen Alpha and Seagreen Bravo.

Creyke Beck A, Creyke Beck B and Teesside A, three projects in the up to 3,600-MW Dogger Bank offshore wind complex, are also being progressed in preparation for the CfD auction. SSE has a 50% stake in the joint venture, while the rest is in the hands of Norwegian oil group Equinor ASA (NYSE:EQNR).

The UK utility company also plans to compete in the "remote island wind" category in the CfD round with the up to 457-MW Viking Wind Farm, an onshore wind project on Shetland. The scheme is being developed by a 50/50 joint venture between the Shetland community and the company.

SSE had 344 MW of offshore wind capacity at the end of March and it recently announced the completion of the 588-MW Beatrice park, in which it holds a 40% stake. In the 12 months to March 31, 2019, the offshore wind portfolio produced 1,439 GWh of power.

The company has in its pipeline on- and offshore wind projects in various stages of development with a combined capacity exceeding 8 GW.

Choose your newsletter by Renewables Now. Join for free!