The EDF Group, via EDF Renewables in the UK, has bought the Neart na Gaoithe1 wind farm project from Mainstream Renewable Power. The wind farm will generate up to 450MW of renewable energy.
It is a fully consented offshore wind project which is located in the Firth of Forth off the east coast of Scotland. It covers 105km2, and has a 15 year Contract for Difference at € 140 (corresponding to the indexation of the tariff of £114.39 that was set in 2012 prices), and grid connection agreements in place. The total investment required to deliver the project is around GBP 1.8 billion. The commissioning of the wind farm is planned for 2023. In line with the group’s usual practice, the project will be open to other investors in due course.
