Aberdeen offshore wind farm gets £300m investment

Swedish energy company Vattenfall has decided to invest over £300M to build Scotland’s biggest offshore wind farm off the coast of Aberdeen.

Vattenfall had developed the European Offshore Wind Deployment Centre with its partner, Aberdeen Renewable Energy Group.

The Company has now taken full ownership of the project following its purchase of Aberdeen Renewable Energy Group’s 25% share.

The project will test and demonstrate cutting-edge offshore wind technology.

Work is due to begin offshore in Aberdeen Bay late next year and ready to generate power in 2018. It is expected to be in operation for more than 20 years.

Minister for Business, Innovation and Energy, Paul Wheelhouse, said: “This is great news for the industry. Scotland is admired around the world for our work in renewable energy.

“This project will keep our nation at the forefront of innovation by allowing energy companies to identify new ways to reduce operating costs.

“We’re working hard to ensure offshore wind projects can help generate the low carbon electricity supply Scotland needs and the associated high quality engineering jobs Scotland wants.”

Gunnar Groebler, Senior Vice President and Head of Business Area Wind at Vattenfall, said: “Vattenfall’s green light for the EOWDC underlines our long term ambition to grow our wind power capacity, including in the UK.

“The UK Government believes that wind power should continue to provide an essential part of the UK’s low carbon electricity generation mix and so we remain committed to expanding our UK operations. In particular, we are confident that the new UK and Scottish governments will continue to support growth in offshore wind as the industry lowers the cost of energy significantly.”

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