Vattenfall Acquires 100% Of European Offshore Wind Deployment Centre
Swedish power company Vattenfall has announced it has acquired 100% ownership of the European Offshore Wind Deployment Centre.
Only a few days after Vattenfall announced the key suppliers for the European Offshore Wind Deployment Centre (EOWDC), also known as the Aberdeen Offshore Wind Farm, the company has announced it has invested a further £300 million into the project, triggering an agreement that allowed them to acquire the remaining 25% share originally owned by the Aberdeen Renewable Energy Group (AREG).
Vattenfall’s acquisition of the 25% share was made at an undisclosed figure, but the company did reveal that it is investing the required £300 million to develop the project.
The 92.4 MW, 11 wind turbine project is being developed off of Aberdeen, and is expected to be operational in 2018, at which point it will be used to test and demonstrate cutting-edge offshore wind technology.
“Vattenfall, AREG, The Crown Estate, the Scottish Government and many others have been working since consent in 2013 to deliver the project and support the increasing competitiveness of the offshore wind sector,” said Gunnar Groebler, Senior Vice President and Head of Business Area Wind at Vattenfall. “Now the Vattenfall team and our contractors will focus on building the project safely and help establish the north east of Scotland as an international centre for offshore wind innovation.”
“AREG is proud to have been a champion and facilitator for this project,” said Jean Morrison, Chair of AREG and Aberdeen City Councillor.
“As it moves into the construction phase, it is now truly an industry project and it is appropriate that it be taken forward by our industrial partner Vattenfall.
“This is a big day for the north east of Scotland’s energy industry. The EOWDC is an important element in the strategy to diversify our energy industry, access new international markets, reduce the cost of offshore wind and create and safeguard jobs.
“Now ambitions for our energy industry can begin to become reality.”
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