Renewables Mega-Project Reaches Critical Development Milestone


The Low Carbon Contracts Company (LCCC) – the government backed body that manages the award of green contracts confirm that 90 percent of offshore wind projects has passed clean energy contract milestone.

The milestone requirement gives the developers 12 months from the contract being signed to demonstrate their commitment to delivering the project by either spending up to 10 percent of the expected development and construction costs, or by providing evidence of project commitments, such as proof of financing for the project and contracts for the material equipment necessary for the generation and export of electricity.

The Approved Offshore Wind Farm Facilities

The LCCC said the planned phases of the 860MW Triton Knoll offshore wind farm, 950MW Moray offshore wind farm, 1.386 GW Hornsea Project 2 offshore wind farm had all successfully met the milestone requirements.

The offshore wind farms were also joined by the 0.64 MW Rebellion Biomass CHP project and the 10.2MW IPIF Fort Industrial REC advanced conversion technology project.

UK’s Current Offshore Wind Farm Fleet

A recent study calculated that to date the UK’s offshore wind fleet has help the UK avoid greenhouse gas emissions of over 43 million tonnes of CO2 to date. It also added that today’s 7GW fleet saves around 9 million tonnes of CO2 each year, equivalent to the emissions of nearly four million cars.

Peter Knott, head of Macquarie’s Edinburgh office and GIG’s Green Investment Ratings team said:

“Offshore wind is one of the UK’s greatest infrastructure success stories. It’s an outstanding example of the UK’s leadership on climate action and the green impact that new technologies can have. The improved efficiencies of newer wind turbines mean we can expect that green impact to treble if all the Round 3 and Scottish sites become operational.”

The future of green energy in the UK is really exciting. Their geographical location made it possible for them to become leaders in offshore wind energy. Other developed countries should take note, and identify their natural resources to develop their own green energy sufficiency.

[via Business Green]

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