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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The world's second-largest offshore windfarm, Gwynt y Môr, has opened eight miles off the North Wales coast in the U.K..
Developed by RWE Innogy, the U.K. arm of energy giant RWE AG (OTC:RWEOY) (Essen, Germany) said its flagship, 576-megawatt (MW) project will be capable of generating enough electricity for about 400,000 homes--around one-third of all the homes in Wales. The project has cost an estimated 2 billion euro ($2.29 billion). The construction phase saw the installation 160 foundations and turbines, four export cables, two offshore substations and 161 array cables. The turbines were supplied by Siemens AG (NYSE:SI) (Munich, Germany).
Gwynt y Môr sits just behind the world's largest windfarm, London Array, off the Kent coast in England. Officially opened in July 2012, it has 175 turbines and a total generating capacity of 630 MW, enough to power nearly half a million homes. For additional information, see July 8, 2012, article - World's Largest Offshore Windfarm Officially Opened.
The new windfarm was opened officially by U.K. Secretary of State for Energy & Climate Change Amber Rudd, who said: "This offshore wind project will generate enough clean electricity to power hundreds of thousands of homes and will support 100 long-term, skilled engineering jobs, giving more people the financial security of a regular pay packet. Gwynt y Môr has a key role to play in our long-term plan to develop a secure energy mix in this country that is diverse and home grown."
RWE AG Chief Executive Officer Peter Terium added: "With today's inauguration, we are now definitely playing in the Offshore Wind Champions League! Thanks to our German wind park Nordsee Ost, inaugurated only three weeks ago, and now Gwynt y Môr offshore windfarm we will become the third-largest player in the European offshore market. The expansion of renewable energy is one of our main growth areas. We currently expect to invest over 1 billion euro up to 2017 in growing renewables, with wind power at the forefront of that investment."
In April last year, Industrial Info reported that RWE had sold a 10% stake in the Gwynt y Môr offshore windfarm to the U.K. government's Green Investment Bank (GiB) for 265 million ($302 million). For additional information, see April 3, 2014, article - RWE Sells Stake in Welsh Offshore Windfarm.
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. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the Industrial Info "Contact Us" page.
Developed by RWE Innogy, the U.K. arm of energy giant RWE AG (OTC:RWEOY) (Essen, Germany) said its flagship, 576-megawatt (MW) project will be capable of generating enough electricity for about 400,000 homes--around one-third of all the homes in Wales. The project has cost an estimated 2 billion euro ($2.29 billion). The construction phase saw the installation 160 foundations and turbines, four export cables, two offshore substations and 161 array cables. The turbines were supplied by Siemens AG (NYSE:SI) (Munich, Germany).
Gwynt y Môr sits just behind the world's largest windfarm, London Array, off the Kent coast in England. Officially opened in July 2012, it has 175 turbines and a total generating capacity of 630 MW, enough to power nearly half a million homes. For additional information, see July 8, 2012, article - World's Largest Offshore Windfarm Officially Opened.
The new windfarm was opened officially by U.K. Secretary of State for Energy & Climate Change Amber Rudd, who said: "This offshore wind project will generate enough clean electricity to power hundreds of thousands of homes and will support 100 long-term, skilled engineering jobs, giving more people the financial security of a regular pay packet. Gwynt y Môr has a key role to play in our long-term plan to develop a secure energy mix in this country that is diverse and home grown."
RWE AG Chief Executive Officer Peter Terium added: "With today's inauguration, we are now definitely playing in the Offshore Wind Champions League! Thanks to our German wind park Nordsee Ost, inaugurated only three weeks ago, and now Gwynt y Môr offshore windfarm we will become the third-largest player in the European offshore market. The expansion of renewable energy is one of our main growth areas. We currently expect to invest over 1 billion euro up to 2017 in growing renewables, with wind power at the forefront of that investment."
In April last year, Industrial Info reported that RWE had sold a 10% stake in the Gwynt y Môr offshore windfarm to the U.K. government's Green Investment Bank (GiB) for 265 million ($302 million). For additional information, see April 3, 2014, article - RWE Sells Stake in Welsh Offshore Windfarm.
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. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the Industrial Info "Contact Us" page.
