Mainstream Renewable Power has announced the signing of an Agreement for Lease (AFL) with The Crown Estate for its 450MW Neart na Gaoithe project in Scottish territorial waters.
The agreement, which secures an option for the rights to use, as well as sets out the commercial terms for the use of the seabed, is a significant step towards delivering the project into construction in 2014. Located in the Outer Forth Estuary, the wind farm will deliver 3.7% of Scotland’s electricity demand when fully operational. Having secured grid connection in 2010, Mainstream plans to submit its application for Environmental Consents this year with a view to reaching financial close in 2013 and the start of construction in 2014.
The agreement, which secures an option for the rights to use, as well as sets out the commercial terms for the use of the seabed, is a significant step towards delivering the project into construction in 2014. Located in the Outer Forth Estuary, the wind farm will deliver 3.7% of Scotland’s electricity demand when fully operational. Having secured grid connection in 2010, Mainstream plans to submit its application for Environmental Consents this year with a view to reaching financial close in 2013 and the start of construction in 2014.
