ABP’s New Lowestoft Facility To Support East Anglia Two & Three O&M Ops
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
UK port operator Associated British Ports (ABP) and ScottishPower Renewables have entered into a long-term agreement for supporting operations and maintenance (O&M) activities at the East Anglia Two and East Anglia Three offshore wind farms from ABP’s Lowestoft Eastern Energy Facility (LEEF).
These two initial paragraphs add a few more details.
Under the agreement, ScottishPower Renewables will utilise berths at LEEF for service operations vessels (SOVs) and crew transfer vessels (CTVs) that will serve the East Anglian offshore wind farms. The company already operates its East Anglia One O&M base in Lowestoft.
LEEF was officially opened by the UK Secretary of State for Energy Security and Net Zero in January 2025, after ABP invested GBP 35 million (almost EUR 40 million) in the port infrastructure. The facility features deep-water berths, modern utilities and future-proofed infrastructure to support shore power and alternative fuels, according to the port operator.
These are some of my thoughts
How Large Are The East Anglian Wind Farms?
There are four East Anglian Wind Farms.
- East Anglian 1 – 714 MW, which was commissioned in 2020.
- East Anglian 1 North – 800 MW, which is planned to be commissioned in 2026.
- East Anglian 2 – 963 MW, which is planned to be commission in 2029.
- East Anglian 3 -1372 MW, which is planned to be commission in 2026.
That makes a total of 3849 MW.
Where Do The Cables Come Ashore?
Google AI gives this answer to the question.
The subsea export cables for the East Anglia wind farms, including East Anglia ONE, come ashore at Bawdsey in Suffolk, where they connect to onshore cables that run underground for about 23-37 km to the Bramford converter station, near Ipswich, to join the National Grid.
I know Bawdsey well from about the late 1950s until we moved my wife and I moved our family from East Suffolk to West Suffolk in the 1990s.
These posts are two memories of Bawdsey Manor and Felixstowe Ferry on the other side of Deben, that I wrote after one of my last visits to the Deben Estuary in 2009.
It hasn’t changed much over the years.
Iberdrola Looking To Sell 49 Pct Stake In UK Offshore Wind Farm – Report
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Iberdrola has begun exploring the sale of 49 per cent of its East Anglia Two offshore wind farm project in the UK, according to a report by the Spanish media outlet Cinco Días citing unnamed sources.
These four paragraphs give more details.
The renewable energy developer has already engaged Bank of America and BBVA as financial advisors to assist with the potential transaction, Cinco Días writes.
Iberdrola’s interest in selling a nearly half stake in East Anglia Two mirrors previous deals in the East Anglia portfolio, where the company has brought in financial partners in two other phases, East Anglia One and East Anglia Three.
The 714 MW East Anglia One offshore wind farm is owned by Iberdrola’s UK arm ScottishPower Renewables and Macquarie’s Green Investment Group (GIG), with Octopus Energy having acquired a 10 per cent stake from GIG this April. East Agnlia One has been in operation since 2021.
In July this year, Iberdrola and UAE clean energy company Masdar announced what the companies said was the largest offshore wind transaction of the decade as they signed an agreement to co-invest in the 1.4 GW East Anglia Three project, currently under construction.
But then being bought and sold is the way of life for an offshore wind farm.
In 2018, I wrote World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant, which contains this extract from the Times says this about the funding of wind farms.
Wind farms throw off “long-term boring, stable cashflows”, Mr. Murphy said, which was perfect to match Aviva policyholders and annuitants, the ultimate backers of the project. Aviva has bought fixed-rate and inflation-linked bonds, issued by the project. While the coupon paid on the 15-year bonds, has not been disclosed, similar risk projects typically pay an interest rate of about 3 per cent pm their bonds. Projects typically are structured at about 30 per cent equity and 70 per cent debt.
Darryl Murphy is Aviva’s head of infrastructure debt. The article also says, that Aviva will have a billion pounds invested in wind farms by the end of the year.
I wonder how long it will be before individual investors can fund their pensions, with a direct investment in a wind farm?
- The wind farm would surely be a better investment if it had an integrated battery to supply power, when the wind didn’t blow.
- It would probably also be a safer investment, if it had been generating electricity for some years.
After all, at the present time, you can invest in batteries through companies like Gresham House and Gore Street.
Centrica Really Can’t Lose At Sizewell
The title of this post, is the same as that of this article in The Times.
This is the sub-heading.
Centrica’s £1.3 billion investment in Sizewell C guarantees substantial returns, even with cost overruns.
These two-and-a-half paragraphs explain the funding.
Now we know what Ed Miliband means by his “golden age of nuclear” — golden for the companies putting their money into Sizewell C. Yes, reactor projects have a habit of blowing up private investors. But maybe not this one. It looks more like an exercise in transferring risk to consumers and the taxpayer.
Sure, nobody builds a £38 billion nuke on a Suffolk flood plain without a frisson of danger. But the energy secretary and his Treasury chums have done their bit to make things as safe as possible for the companies putting in equity alongside the government’s 44.9 per cent stake: Canada’s La Caisse with 20 per cent, British Gas-owner Centrica (15 per cent), France’s EDF (12.5 per cent) and Amber Infrastructure (7.6 per cent).
For starters, nearly all the debt for the 3.2 gigawatt plant, three-quarters funded by loans, is coming from the state-backed National Wealth Fund. It’s bunging in up to £36.6 billion, with £5 billion more guaranteed by a French export credit agency.
It looks to me that between them the British and French governments are providing £41.5 billion of loans to build the £38 billion nuke.
These are my thoughts.
Hydrogen And Sizewell C
This page on the Sizewell C web site is entitled Hydrogen And Sizewell C.
Under a heading of Hydrogen Buses, this is said.
At Sizewell C, we are exploring how we can produce and use hydrogen in several ways. We are working with Wrightbus on a pilot scheme which, if successful, could see thousands of workers transported to and from site on hydrogen double decker buses. You can read more about the pilot scheme in our press release
Firstly, it could help lower emissions during construction of the power station. Secondly, once Sizewell C is operational, we hope to use some of the heat it generates (alongside electricity) to make hydrogen more efficiently.
This would appear to be a more general statement about hydrogen and that the following is planned.
- Hydrogen-powered buses will be used to bring workers to the site. A press release on the Sizewell C web site, talks about up to 150 buses. That would probably be enough buses for all of Suffolk.
- Hydrogen-powered construction equipment will be used in the building of the power station.
- It also talks about using the excess heat from the power station to make hydrogen more efficiently. I talk about this process in Westinghouse And Bloom Energy To Team Up For Pink Hydrogen.
This is a substantial investment in hydrogen.
Centrica And Electricity From Sizewell C
The article in The Times, also says this.
Even so, there’s a fair bit of protection for the likes of Centrica, which has also agreed a 20-year offtake deal for its share of Sizewell’s electricity. The price of that is not yet known.
Nothing is said in the article about the size of Centrica’s electricity offtake.
- If they get 15 % of Sizewell C, that would by 480 MW.
- If they get 15 % of Sizewell B + C, that would by 660 MW.
If they use their share to generate hydrogen, Suffolk would have a massive hydrogen hub.
To power the buses and construction of Sizewell C, Sizewell B could be used to provide electricity to create the hydrogen.
How Would The Hydrogen Be Produced?
Centrica, along with other companies, who include Hyundai and Kia, are backers of a company in Hull called HiiROC, who use a process called Thermal Plasma Electrolysis to generate hydrogen.
On their web site, they have this sub-heading.
A Transformational New Process For Affordable Clean Hydrogen
The web site also describes the process as scalable from small modular units up to industrial scale. It also says this about the costs of the system: As cheap as SMR without needing CCUS; a fraction of the energy/cost of water electrolysis.
If HiiROC have achieved their objective of scalability, then Centrica could grow their electrolyser to meet demand.
How Would The Hydrogen Be Distributed?
Consider.
- Currently, the Sizewell site has both road and rail access.
- I can still see in my mind from the 1960s, ICI’s specialist articulated Foden trucks lined up in the yard at Runcorn, taking on their cargoes of hydrogen for delivery all over the country.
- As that factory is still producing hydrogen and I can’t remember any accidents in the last sixty years, I am fairly sure that a range of suitable hydrogen trucks could be developed to deliver hydrogen by road.
- The road network to the Siewell site is being updated to ensure smooth delivery of workers and materials.
- The rail access to the Sizewell site is also being improved, for the delivery of bulk materials.
I believe there will be no problems delivering hydrogen from the Sizewell site.
I also believe that there could be scope for a special-purpose self-propelled hydrogen tanker train, which could both distribute and supply the hydrogen to the vehicles, locomotives and equipment that will be using it.
Where Will The Hydrogen Be Used?
I have lived a large part of my life in Suffolk and know the county well.
In my childhood, there was quite a lot of heavy industry, but now that has all gone and employment is based on agriculture, the Port of Felixstowe and service industries.
I can see hydrogen being used in the following industries.
Transport
Buses and heavy trucks would be powered by hydrogen.
The ports in the East of England support a large number of heavy trucks.
Large Construction Projects
Sizewell C is not the only large construction project in the East of England, that is aiming to use low-carbon construction involving hydrogen. In Gallagher Group Host Hydrogen Fuel Trial At Hermitage Quarry, I talked about a hydrogen fuel trial for the Lower Thames Crossing, that involved JCB and Ryse Hydrogen.
Hydrogen for the Lower Thames Crossing could be delivered from Sizewell by truck, down the A12.
Rail
We may not ever see hydrogen-powered passenger trains in this country, but I do believe that we could see hydrogen-powered freight locomotives.
Consider.
- The latest electro-diesel Class 99 locomotives from Stadler have a Cummins diesel engine.
- The diesel engine is used, when there is no electrification.
- Cummins have developed the technology, that allows them to convert their latest diesel engines to hydrogen or natural gas power, by changing the cylinder head and the fuel system.
- Access to the Port of Felixstowe and London Gateway needs a locomotive with a self-powered capability for the last few miles of the route.
A Class 99 locomotive converted to hydrogen would be able to run with out emitting any carbon dioxide from Felixstowe or London Gateway to Glasgow or Edinburgh.
Ports
Ports have three main uses for hydrogen.
- To power ground-handing equipment, to create a pollution-free atmosphere for port workers.
- To fuel ships of all sizes from the humblest work-boat to the largest container ships.
- There may need to be fuel for hydrogen-powered rail locomotives in the future.
There are seven ports with excellent road and/or rail connections to the Sizewell site; Felixstowe, Great Yarmouth, Harwich, Ipswich, London Gateway, Lowestoft and Tilbury.
The proposed Freeport East is also developing their own green hydrogen hub, which is described on this page on the Freeport East web site.
Airports
Airports have two main uses for hydrogen.
- To power ground-handing equipment, to create a pollution-free atmosphere for airport workers.
- In the future, there is likely to be hydrogen-powered aircraft.
There are three airports with excellent road and/or rail connections to the Sizewell site; Norwich, Southend and Stansted.
Agriculture And The Rural Economy
Agriculture and the rural economy would be difficult to decarbonise.
Consider.
- Currently, most farms would use diesel power for tractors and agricultural equipment, which is delivered by truck.
- Many rural properties are heated by propane or fuel oil, which is delivered by truck.
- Some high-energy rural businesses like blacksmiths rely on propane, which is delivered by truck.
- Electrification could be possible for some applications, but ploughing the heavy land of Suffolk, with the added weight of a battery on the tractor, would probably be a mathematical impossibility.
- JCB are developing hydrogen-powered construction equipment and already make tractors.
- Hydrogen could be delivered by truck to farms and rural properties.
- Many boilers can be converted from propoane to run on hydrogen.
I feel, that hydrogen could be the ideal fuel to decarbonise agriculture and the rural economy.
I cover this application in detail in Developing A Rural Hydrogen Network.
Exports
Consider.
- Sizewell B and Sizewell C nuclear powerstations have a combined output of 4.4 GW.
- A rough calculation shows that there is a total of 7.2 GW of wind farms planned off the Suffolk coast.
- The East Anglian Array wind farm alone is said in Wikipedia to be planned to expand to 7.2 GW.
- The Sizewell site has a high capacity connection to the National Grid.
Nuclear plus wind should keep the lights on in the East of England.
Any excess electricity could be converted into hydrogen.
This Google Map shows the location of Sizewell B in relation to Belgium, Germany and The Netherlands.
The Sizewell site is indicated by the red arrow.
The offshore oil and gas industry has used technology like single buoy moorings and coastal tankers to collect offshore natural gas for decades.
I don’t see why coastal hydrogen tankers couldn’t export excess hydrogen to places around the North Sea, who need the fuel.
It should be born in mind, that Centrica have a good reputation in doing natural gas trading. This expertise would surely be useful in hydrogen trading.
Conclusion
I believe that a hydrogen hub developed at Sizewell makes sense and I also believe that Centrica have the skills and technology to make it work.
Octopus Energy Takes Stake In 714 MW East Anglia One Offshore Wind Farm In UK
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Octopus Energy has acquired a 10 per cent stake in the 714 MW East Anglia One offshore wind farm in the UK, which was fully commissioned in 2020.
These two introductory paragraphs add more details.
Octopus acquired this latest wind farm stake from Macquarie Asset Management on behalf of Vector, Octopus’ offshore wind fund, which invests in fixed and floating offshore wind and pioneering tech to reduce costs.
Owned by ScottishPower Renewables and Macquarie’s Green Investment Group(GIG), the 714 MW wind farm is located 43 kilometers off the coast of Suffolk in the east of England and has been powering Britain with green energy since 2021.
East Anglia One has a web site, that gives a lot more details of the wind farm.
ScottishPower Renewables Picks Port For East Anglia Two Pre-Assembly
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
ScottishPower Renewables, Iberdrola’s UK arm, has selected Peel Ports Great Yarmouth as the staging ground for pre-assembly works for its 960 MW East Anglia Two offshore wind project.
This is the introductory paragraph.
The companies have signed a reservation agreement that will see the Siemens Gamesa turbine components and sections come together for assembly at the Norfolk site before installation in the southern North Sea in 2028.
Note.
- The Port of Great Yarmouth was used for this task with East Anglia One.
- The turbine blades will be manufactured at Siemens Gamesa’s offshore wind blade factory in Hull.
- The monopiles will come from Sif in Rotterdam.
This is the first sentence of the Wikipedia entry for the East5 Anglia Array.
The East Anglia Array is a proposed series of offshore wind farms located around 30 miles off the east coast of East Anglia, in the North Sea, England. It has begun with the currently operational East Anglia ONE, that has been developed in partnership by ScottishPower Renewables and Vattenfall. Up to six individual projects could be set up in the area with a maximum capacity of up to 7.2 GW.
These articles on offshoreWIND.biz indicate that ScottishPower Renewables has been busy signing contracts for East Anglia Two.
- December 4th, 2024 – Nexans Lands Export Cable Contract For East Anglia Two Offshore Wind Farm.
- November 28th, 2024 – Hitachi Energy to Integrate 960 MW East Anglia Two Wind Farm into UK Grid.
- November 12th, 2024 – Siemens Gamesa Bags GBP 1 Billion Turbine Contract For East Anglia Two.
- November 6th, 2024 – Seaway7 Wins East Anglia Two Inter-Array Cable Contract.
- October 31st, 2024 – Sif, Smulders to Deliver Monopiles and TPs For ScottishPower’s East Anglia Two Offshore Wind Farm.
They must have employed lawyers on roller skates to get five contracts signed in just over a month.
Conclusion
East Anglia Two appears to be definitely under way and the Wikipedia extract says there could be a lot more, if all the other wind farms are developed in the same way using the Port of Great Yarmouth.
A total capacity in the East Anglia Array of 7.2 GW will surely be good for both East Anglia and the UK as a whole, but will the natives be happy with all the onshore infrastructure?
I wouldn’t be surprised to see further wind farm developed to generate hydrogen offshore, which will be either brought ashore to the Bacton gas terminal, using existing or new pipelines or distributed using tanker ships to where it is needed.
There Are Only Three Large Offshore Wind Farms In Contracts for Difference Allocation Round 6
This document from the Department of Business, Industry and Industrial Strategy lists all the Contracts for Difference Allocation Round 6 results for the supply of zero-carbon electricity.
The wind farms are.
- Green Volt – 400 MW – Floating – Claims to be “The first commercial-scale floating offshore windfarm in Europe”.
- Hornsea Four – 2,400 MW – Fixed – Ørsted
- East Anglia Two – 963 MW – Fixed – Iberdrola
Is this what misgovernment expected, when they raised the budget in July 2024, as I wrote about in UK Boosts Sixth CfD Auction Budget, Earmarks GBP 1.1 Billion For Offshore Wind.
Perhaps, some developers held back until government policy is clearer?
H2ercules
H2ercules is a project that will create the German hydrogen network.
The H2ercules web site, introduces the project with these two paragraphs.
A faster ramp-up of the hydrogen economy in Germany is more important than ever in order to drive forward the decarbonisation programme, put the German energy system on a more robust footing, and thus contribute towards a green security of supply. What this needs is a geographical realignment of the infrastructure for energy in gas form: Instead of flowing from the east of Germany to the west and south of the country, the gas – natural gas now, hydrogen in the future – will have to make its way in future from generation locations in the north-west to centres of consumption located mainly in the west and south. That also means that new sources will have to be connected, and gaps in existing pipeline networks will have to be closed. To speed up this vital process, OGE and RWE have developed the national infrastructure project “H2ercules”, which is intended to supply consumers in Germany’s south and west with domestically produced green hydrogen from the north of the country, in addition to imported sources. This will involve connecting up the electrolyser capacities that are currently being planned and developing more besides. RWE wants to create up to 1 GW of additional electrolyser capacity as part of the H2ercules project. For the connection component, OGE is planning to put 1,500 km of pipelines in place. For the most part, this will mean converting pipelines from the existing natural gas network to hydrogen, supplemented by newly constructed facilities. Converting natural gas pipelines is not only the more cost-efficient solution, but it also allows for a faster schedule. The system is expected to be supplemented by the planned hydrogen storages of RWE.
The current plan is to complete the project in three stages between 2026 and 2030, in order to connect industries to the hydrogen supply as soon as possible. The aim of this collaboration across multiple value levels is to resolve the chicken-and-egg problem on a super-sized scale and also smooth the way forward for other projects.
Note.
There will be a lot of conversion of the existing natural gas network to hydrogen.
RWE wants to create up to 1 GW of additional electrolyser capacity as part of the H2ercules project.
The second paragraph indicates to me, that they want to move fast.
This map from the H2ercules web site, indicate the proposed size of the network in 2030.
These three paragraphs describe how H2ercules will be developed.
OGE and RWE are both strong companies that aim to combine forces as part of the H2ercules project in order to overcome this Herculean task. While the task for OGE will be to convert the required gas pipelines to hydrogen and construct new pipelines, RWE will expand its electrolyser capacity and import green hydrogen in addition. Gas-fired power stations with a capacity of at least 2 GW will be converted to hydrogen, and new H2 -storages as well as H2-storages repurposed from gas storages on the Dutch border will be connected to the hydrogen supply system.
H2ercules also opens up new opportunities to connect Germany’s future centres of hydrogen consumption to key import routes, first via pipelines from Belgium and the Netherlands, and later via Norway and also from southern and eastern Europe, with the added prospects of import terminals for green molecules in Germany’s north. The project is thus contributing significantly to the creation of a European hydrogen market.
The first additional companies and organisations have already indicated their interest in this project, and it is expected that in the future smaller businesses will benefit in addition to large-scale customers, as the entire industry is guided towards a decarbonised future.
These are my thoughts.
Why Is It Called H2ercules?
I suspect, it’s nothing more, than the Germans wanted a recognisable and catchy name.
- Name selection is not helped by the German for hydrogen, which is wasserstoff.
- Hercules is Herkules in German, which doesn’t really help.
- Projekt Wasserstoff isn’t as memorable as H2ercules, which at least isn’t English.
It looks to me, that the Germans have come up with a good acceptable compromise.
The Wilhemshaven Hydrogen Import Terminal
German energy company; Uniper is building a hydrogen import terminal at Wilhemshaven to feed H2ercules and German industry with hydrogen from places like Australia, Namibia and the Middle East. I wrote about this hydrogen import terminal in Uniper To Make Wilhelmshaven German Hub For Green Hydrogen; Green Ammonia Import Terminal.
Wilhelmshaven and Great Yarmouth are 272 miles or 438 kilometres apart, so a pipeline or a tanker link would be feasible to export hydrogen from Notfolk to Germany.
I suspect RWE will build a giant offshore electrolyser close to the Norfolk wind farms and the hydrogen will be exported by tanker or pipeline to Germany or to anybody else who pays the right price.
RWE’s Norfolk Wind Farms
What is interesting me, is what Germany company; RWE is up to. Note they are one of the largest UK electricity producers.
In December 2023, they probably paid a low price, for the rights for 3 x 1.4 GW wind farms about 50 km off North-East Norfolk from in-trouble Swedish company; Vattenfall and have signed contracts to build them fairly fast.
In March 2024, I wrote about the purchase in RWE And Vattenfall Complete Multi-Gigawatt Offshore Wind Transaction In UK.
This map from RWE shows the three wind farms, with respect to the Norfolk coast.
Could it be, that RWE intend to build a giant offshore electrolyser to the East of Great Yarmouth?
- The planning permission for an electrolyser, which is eighty kilometres offshore, would be far easier, than for one onshore.
- The hydrogen pipeline between Norfolk and Germany would be less than 400 kilometres.
- Hydrogen could also be brought ashore in Norfolk, if the price was right.
- The Bacton gas terminal is only a few miles North of Great Yarmouth.
But the big advantage, is that the only onshore construction could be restricted to the Bacton gas terminal.
Adding More Wind Farms To The Electrolyser
Looking at the RWE map, the following should be noted.
South of Norfolk Vanguard East, there is the East Anglian Array wind farm, which by the end of 2026, will consist of these wind farms.
- East Anglia One – 714 MW – 2020
- East Anglia One North – 800 MW – 2026
- East Anglia Two – 900 MW – 2026
- East Anglia Three – 1372 MW – 2026
Note.
- The date is the commissioning date.
- There is a total capacity of 3786 MW
- All wind farms are owned by Iberdrola.
- There may be space to add other sections to the East Anglian Array.
I doubt, it would be difficult for some of Iberdrola’s megawatts to be used to generate hydrogen for Germany.
To the East of Norfolk Boreas and Norfolk Vanguard East, it’s Dutch waters, so I doubt the Norfolk cluster can expand to the East.
But looking at this map of wind farms, I suspect that around 4-5 GW of new wind farms could be squeezed in to the North-West of the the Norfolk Cluster and South of the Hornsea wind farms.
The 1.5 GW Outer Dowsing wind farm, which is being planned, will be in this area.
I can certainly see 8-10 GW of green electricity capacity being available to electrolysers to the North-East of Great Yarmouth.
Conclusion
UK offshore electricity could be the power behind H2ercules.
- The hydrogen could be sent to Germany by pipeline or tanker ship, as the distance is under 400 kilometers to the Wilhelmshaven hydrogen hub.
- Extra electrolysers and wind farms could be added as needed.
- The hydrogen won’t need to be shipped halfway round the world.
The cash flow won’t hurt the UK.
.
UK’s Sixth Contracts For Difference Round Open
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The UK Government has opened the sixth allocation round (AR6) of the Contracts for Difference (CfD) scheme on 27 March and will continue until 19 April 2024. The round will see a range of renewable technologies, including offshore wind compete for the government’s support.
This paragraph outlines how to apply and when the results will be published.
Applications may be submitted via National Grid ESO’s EMR Portal. The results are expected to be published at some point this summer.
The fifth round was a bit of a disaster for offshore wind and hopefully, it will be better this time, as the government will be upping prices.
At least it appears that Iberdrola will be bidding for two wind farm in their East Anglia Array, as I wrote about in Iberdrola Preparing Two East Anglia Offshore Wind Projects For UK’s Sixth CfD Round.
In The Crown Estate Refines Plans For Celtic Sea Floating Wind, I wrote about developments in the Celtic Sea, where contracts should be signed this year.
2024 could be a bumper year for new wind farm contracts.
Iberdrola Preparing Two East Anglia Offshore Wind Projects For UK’s Sixth CfD Round
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
ScottishPower Renewables, Iberdrola’s company in the UK, is getting the East Anglia One North and East Anglia Two offshore wind projects ready for the upcoming auction round for Contracts for Difference (CfD).
These three paragraphs give more details.
This is according to project updates Iberdrola published as part of its financial results for 2023.
Iberdrola says “good progress is being made in the key engineering and design work” for the two projects and, while they were not presented in the UK’s fifth CfD Allocation Round (AR5), preparations are being made to take part in Allocation Round 6 (AR6).
The two offshore wind farms are part of the GBP 6.5 billion (around EUR 7.6 billion) East Anglia Hub project, which also includes East Anglia Three, currently in construction and expected to start delivering electricity in 2026. The 1.4 GW East Anglia Three was awarded Contract for Difference in July 2022.
It is now possible to build a table of Iberdrola’s East Anglian Hub.
- East Anglia One – 714 MW – Commissioned in 2020.
- East Anglia One North – 800 MW – To be commissioned in 2026.
- East Anglia Two – 900 MW – To be commissioned in 2026.
- East Anglia Three – 1372 MW – To be commissioned in 2026.
Note.
- East Anglia One is the largest windfarm in Iberdrola’s history
- These four wind farms are connected to the shore at Bawdsey on the River Deben.
These wind farms are a total of 3786 MW.
In addition there are RWE’s three Norfolk wind farms.
- Norfolk Boreas – 1386 MW – To be commissioned in 2027.
- Norfolk Vanguard East – 1380 MW – To be commissioned before 2030.
- Norfolk Vanguard West – 1380 MW – To be commissioned before 2030.
These wind farms are a total of 4146 MW, with a grand total of 7932 MW.
What Will Happen To The Electricity?
Consider.
- It is a lot of electricity.
- The good people of Norfolk are already protesting about the cables and pylons, that will connect the electricity to the National Grid.
- The good people of Suffolk will probably follow, their Northern neighbours.
- The wind farms are owned by Spanish company; Iberdrola and German company; RWE.
I wonder, if someone will build a giant electrolyser at a convenient place on the coast and export the hydrogen to Europe by pipeline or tanker.
- The ports of Felixstowe, Great Yarmouth and Lowestoft could probably handle a gas tanker.
- The Bacton gas terminal has gas pipelines to Belgium and The Netherlands.
In addition, there are various electricity interconnectors in use or under construction, that could send electricity to Europe.
- National Grid’s Lion Link to the Netherlands.
- NeuConnect to Germany from the Isle of Grain.
Whoever is the UK’s Prime Minister in 2030 will reap the benefits of these East Anglian and Norfolk wind farms.
In addition.
- The Hornsea wind farm will have tripled in size from 2604 MW to 8000 MW.
- The Dogger Bank wind farm will have grown from 1235 MW to 8000 MW.
- There is 4200 MW of wind farms in Morecambe Bay and around England.
They would be so lucky.
Masdar To Invest In Iberdrola’s 1.4 GW East Anglia Offshore Wind Project
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Iberdrola and Masdar have signed a strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in Germany, the UK, and the US, which also includes an investment in Iberdrola’s 1.4 GW East Anglia 3 offshore wind project in the UK.
These first two paragraphs outline the del.
After the parties’ successful co-investment in the Baltic Eagle offshore wind farm in Germany, the new milestone of this alliance will be to achieve a further co-investment concerning the 1.4 GW East Anglia 3 offshore wind project in the UK, said the companies.
According to the partners, the deal has been under negotiation for the last few months and could be signed by the end of the first quarter of 2024. Masdar’s stake in the wind farm could be 49 per cent.
This deal appears to be very similar to Masdar’s deal with RWE, that I wrote about in RWE Partners With Masdar For 3 GW Dogger Bank South Offshore Wind Projects.
- The Iberdrola deal involves the 1.4 GW East Anglia 3 wind farm, which has a Contract for Difference at £37.35 £/MWh and is scheduled to be completed by 2026.
- The RWE deal involves the 3 GW Dogger Bank South wind farm, which doesn’t have a Contract for Difference and is scheduled to be completed by 2031.
- Both deals are done with wind farm developers, who have a long track record.
- Both wind farms are the latest to be built in mature clusters of wind farms, so there is a lot of production and maintenance data available.
I suspect, that many capable engineers and accountants can give an accurate prediction of the cash flow from these wind farms.
I will expect that we’ll see more deals like this, where high quality wind farms are sold to foreign energy companies with lots of money.
Just over five years ago, I wrote World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant, which described how and why Aviva were investing in the Hornsea 1 wind farm.
Conclusion
It appears that Masdar are doing the same as Aviva and usind wind farms as a safe investment for lots of money.
The Anonymous Widower 