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Released April 29, 2016 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Europe's largest contract for offshore wind turbines is going ahead after ScottishPower Renewables (SPR) (Glasgow, Scotland) concluded a deal for 102 turbines with German engineering company Siemens AG (ETR:SIE) (Munich, Germany).
The contract is for the proposed East Anglia ONE windfarm off the southeast coast of England, where the 7-megawatt (MW) turbines will generate a total of 714 MW of electricity, enough to power more than 500,000 homes. The contract is worth around a third of the expected £2.5 billion ($3.65 billion) budget for the entire project. Industrial Info first reported on the wide-ranging deal in June last year. For additional information, see June 15, 2015, article--Siemens Seals Major Turbine Deal for U.K. Offshore Windfarm.
The deal's conclusion was confirmed by Ignacio Galán, chairman of Iberdrola S.A. (BMAD:IBE) (Bilbao, Spain), SPR's parent company.
"Offshore wind power is a vital component in global efforts to help to deliver the binding agreement achieved by more than 170 countries at the COP21 meeting in Paris and signed last week in New York," Galan said at the release of the Iberdrola's first- quarter financial results this week in Madrid. "We have always focused on clean technologies that are competitive enough to deliver real energy solutions. Offshore wind works. We have seen this in our highly efficient West of Duddon Sands project, and cost reductions are already benefiting the delivery of our Wikinger project being constructed in Germany. East Anglia ONE will raise the bar further, as technology matures and expertise in the supply chain increases. We see huge potential globally for offshore wind, and we will continue to lead the industry in driving down costs."
"We have concluded Europe's largest project-specific wind turbine agreement just a month after taking our final investment decision, and we have scaled the final hurdle by satisfying our CfD [contract for difference] conditions with the Low Carbon Contracts Company," explained Keith Anderson, chief executive officer of ScottishPower Renewables. "It is now full steam ahead for East Anglia ONE, with ground set to be broken early next year."
East Anglia One will be the first of six potential projects in the Norfolk Bank Zone, which has a potential generating capacity of 7,200 MW.
Michael Hannibal, chief executive officer of the Siemens Wind Power and Renewables Division, commented: " This represents the largest single order ever for our direct-drive, 7-MW wind turbine."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
The contract is for the proposed East Anglia ONE windfarm off the southeast coast of England, where the 7-megawatt (MW) turbines will generate a total of 714 MW of electricity, enough to power more than 500,000 homes. The contract is worth around a third of the expected £2.5 billion ($3.65 billion) budget for the entire project. Industrial Info first reported on the wide-ranging deal in June last year. For additional information, see June 15, 2015, article--Siemens Seals Major Turbine Deal for U.K. Offshore Windfarm.
The deal's conclusion was confirmed by Ignacio Galán, chairman of Iberdrola S.A. (BMAD:IBE) (Bilbao, Spain), SPR's parent company.
"Offshore wind power is a vital component in global efforts to help to deliver the binding agreement achieved by more than 170 countries at the COP21 meeting in Paris and signed last week in New York," Galan said at the release of the Iberdrola's first- quarter financial results this week in Madrid. "We have always focused on clean technologies that are competitive enough to deliver real energy solutions. Offshore wind works. We have seen this in our highly efficient West of Duddon Sands project, and cost reductions are already benefiting the delivery of our Wikinger project being constructed in Germany. East Anglia ONE will raise the bar further, as technology matures and expertise in the supply chain increases. We see huge potential globally for offshore wind, and we will continue to lead the industry in driving down costs."
"We have concluded Europe's largest project-specific wind turbine agreement just a month after taking our final investment decision, and we have scaled the final hurdle by satisfying our CfD [contract for difference] conditions with the Low Carbon Contracts Company," explained Keith Anderson, chief executive officer of ScottishPower Renewables. "It is now full steam ahead for East Anglia ONE, with ground set to be broken early next year."
East Anglia One will be the first of six potential projects in the Norfolk Bank Zone, which has a potential generating capacity of 7,200 MW.
Michael Hannibal, chief executive officer of the Siemens Wind Power and Renewables Division, commented: " This represents the largest single order ever for our direct-drive, 7-MW wind turbine."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
