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.
Thor Offshore Wind Farm To Feature Siemens Gamesa’s Newly Launched GreenerTowers
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Siemens Gamesa has revealed its GreenerTower, a wind turbine tower made of more sustainable steel. The company already closed its first order with RWE to feature 36 of the GreenerTower units at the 1 GW Thor offshore wind project in Denmark.
This is the first paragraph.
Today, tower production accounts for more than one-third of all wind-turbine-related CO2 emissions, according to Siemens Gamesa.
Siemens Gamesa’s new GreenerTower will ensure a CO2 reduction of at least 63 per cent in the tower steel plates compared to conventional steel.
Siemens Gamesa also claim this.
If all towers installed by the company in one year were exchanged with GreenerTowers, it would be the same as removing more than 466,000 cars from the roads in Europe for a year.
The first supplier to be qualified is Salzgitter AG.
- I wrote about Salzgitter’s green steelmaking in WindH2 Hydrogen Project Commissioned In Germany.
- Only a maximum of 0.7 tonnes of CO2-equivalent emissions are permitted per tonne of steel while maintaining the same steel properties and quality.
- Salzgitter’s electric furnaces will be fed with green electricity produced by renewable energy sources.
- Salzgitter AG have recently signed a Power Purchase Agreement (PPA) with Iberdrola.
- It looks like Salzgitter AG are going both the electric and hydrogen route to green steel.
I suspect over the next few years, we’ll be seeing more steel products made with green steel.
In this case, I suspect that Siemens Gamesa could use the same production process with very little modification, which is a great advantage.
DP Energy And Offshore Wind Farms In Ireland
DP Energy are a company that are developing these offshore wind farms in Ireland.
Located off the West Coast of Ireland, the Clarus Offshore Wind Farm project will utilise Floating Offshore Wind (FOW) technology and upon completion, will have the potential capacity of up to 1 GW.
Located off the South Coast of Ireland, the Inis Ealga Marine Energy Park project will utilise Floating Offshore Wind (FOW) technology and upon completion, will have the potential capacity of up to 1 GW.
Latitude 52 Offshore Wind Farm
DP Energy has given the name Latitude 52 to the area it is exploring for a potential future offshore wind farm off the coast of Counties Wicklow and Wexford.
It appears to be another 1 GW project.
Located off the East Coast of Ireland, the Shelmalere Offshore Windfarm project will utilise fixed bottom wind turbines and upon completion, will have the potential capacity of up to 1 GW.
Note.
- These wind farms are being developed in a partnership with Spanish Energy company; Iberdrola.
- Each is a one GW offshore wind farm.
They are also developing the Gwynt Glas offshore wind farm in the UK sector of the Celtic Sea.
- In January 2022, EDF Renewables and DP Energy announced a Joint Venture partnership to combine their knowledge and
expertise, in order to participate in the leasing round to secure seabed rights to develop up to 1GW of FLOW in the Celtic Sea. - The wind farm is located between Pembroke and Cornwall.
The addition of Gwynt Glas will increase the total of floating offshore wind in the UK section of the Celtic Sea.
- Blue Gem Wind – Erebus – 100 MW Demonstration project – 27 miles offshore
- Blue Gem Wind – Valorus – 300 MW Early-Commercial project – 31 miles offshore
- Falck Renewables and BlueFloat Energy – Petroc – 300 MW project – 37 miles offshore
- Falck Renewables and BlueFloat Energy – Llywelyn – 300 MW project – 40 miles offshore
- Llŷr Wind – 100 MW Project – 25 miles offshore
- Llŷr Wind – 100 MW Project – 25 miles offshore
- Gwynt Glas – 1000 MW Project – 50 miles offshore
This makes a total of 2.2 GW, with investors from several countries.
It does seem that the Celtic Sea is becoming the next area of offshore wind around the British Isles to be developed.
Interconnectors
Interconnectors are to be built to connect Ireland, UK and France.
The Celtic Interconnector is being built between County Cork in Ireland and the North West Coast of France.
Greenlink is being built between County Wexford in Ireland and Pembroke in Wales.
Conclusion
Are the British, Irish and French governments, planning to build a large wind power resource in the Celtic Sea?
The Anonymous Widower 