UK approves 'world's biggest offshore wind farm' project

Image
AFP London
Last Updated : Aug 16 2016 | 10:57 PM IST
The British government gave the green light today for what it called the world's biggest offshore wind farm to be built off the English coast.
The Hornsea Project Two farm should have up to 300 turbines and a capacity of up to 1.8 gigawatts. It could produce enough energy to power 1.6 million homes.
It is an extension of the 1.2GW Hornsea Project One which was in itself being trumpeted as the world's biggest offshore wind farm.
Both projects are being developed by Danish group DONG Energy, the world's largest operator of offshore wind farms.
London decided Tuesday to grant development consent for Hornsea Project Two, located 90 kilometres east of the English coast.
DONG Energy made the final investment decision earlier this year on Hornsea Project One, but is yet to commit formally to funding the second wave.
British business minister Greg Clark said: "Britain is a global leader in offshore wind, and we're determined to be one of the leading destinations for investment in renewable energy.
"The UK's offshore wind industry has grown at an extraordinary rate over the last few years, and is a fundamental part of our plans to build a clean, affordable, secure energy system."
If built to full capacity, the Hornsea Project Two investment would total around 6 billion pounds.
The farm would create up to 1,960 construction jobs and 580 operational and maintenance jobs, the government said.
Brent Cheshire, DONG Energy's UK chairman, welcomed the development consent.
"Hornsea Project Two provides us with another exciting development opportunity in offshore wind," he said.
The government said it expected 10GW of offshore wind to be installed by the end of the decade and a further 10GW of offshore wind capacity could be built in the 2020s.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 16 2016 | 10:57 PM IST

Next Story