New 4.1 billion in flagship UK offshore wind park

The 1.4 gigawatt project, to be located 195 kilometres from Britain's North East coast, represents RWE's largest offshore farm and is expected to be completed by the fourth quarter of 2026.

March 26, 2021 Stu Turley Electrical Generation / Utilities, International News, Renewables, Top News, Wind
Global Investment in Low-Carbon Energy Transition Hit $755 Billion in 2021

Europe’s third-largest renewables group, has taken an investment decision on its 3 billion pound ($4.1 billion) Sofia offshore wind farm project, it said on Wednesday.

The 1.4 gigawatt project, to be located 195 kilometres from Britain’s North East coast, represents RWE’s largest offshore farm and is expected to be completed by the fourth quarter of 2026.

“Successfully developing a project of this size once again demonstrates our expertise and positive track-record for delivering cost effective, innovative offshore wind energy around the globe,” said Sven Utermoehlen, Chief Operating Officer Wind Offshore Global, RWE Renewables.

Siemens Gamesa, the world’s largest maker of offshore wind turbines, will supply 100 of its 14 megawatt turbines for the project, RWE said. ($1 = 0.7290 pounds)

Source: Reuters

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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