Saturday, 26 December 2009

Irish Sea wind farm deal delays UK wind projects

Scottish and Southern Energy has bought a 25.1% stake in a £1bn wind farm in the Irish Sea, potentially delaying construction on green energy projects in Scotland.
Scottish and Southern Energy paid up to £39M to Dong of Denmark for shares in the Walney Wind Farm Project, in a deal requiring it to provide about £250M for building costs.
A SSE spokeswoman said Walney would take priority over some other projects, but could not specify which of its 30 wind farms currently going through planning application or construction will be affected.
Twenty-seven of the projects run by SSE’s renewable energy company Airtricity are in Scotland or its surrounding waters. Walney’s funding will be taken from SSE’s investment budget for the five years until March 2013.
The farm, which will be located near the Isle of Man and east of the Isle of Walney, is due to be completed by the end of 2011 and will have a capacity of 367 megawatts.

No comments: