Project will generate enough energy to supply nearly one million households
EDP Renewables (EDPR) has agreed to sell a one third stake (33.4 per cent) in its Moray Offshore Windfarm (East) to a subsidiary of Mitsubishi Corporation (MC).
The deal will make wholly owned UK-based subsidiary Diamond Generating Europe (DGE) one of the main shareholders in the wind farm located off Scotland along with EDPR and Engie.
The project, located in the North Sea 22km off the east coast of Scotland, will create one of the UK’s largest offshore wind farms. It will have a maximum capacity of 950MW and will generate enough energy to supply nearly one million households from its scheduled commissioning in 2022.
DGE said it has established a special team of highly qualified in-house professionals which is exclusively dedicated to managing offshore wind power projects, including the existing 130MW Luchterduinen offshore wind farm in the Netherlands and the 370MW Norther offshore wind farm.
In Belgium, DGE reports it is drawing on the know-how it has accumulated through its engagement in those projects to take greater initiative in the development, construction and operation of the Moray Offshore Windfarm project.
A European Commission roadmap suggests that by 2050, the EU is aiming to cut its greenhouse gas emissions to 80 per cent of 1990 levels. In line with that target, the EU expects to generate some 50GW of offshore wind power capacity by 2030.
The introduction of more offshore wind power generation in the EU comes with successive technological improvement, which also means that the capacity of wind turbines and the scale of wind farms can get bigger, ultimately making the cost of electricity generated by offshore wind power more competitive than other power sources.
In this context, MC sees its participation in successive offshore wind power businesses as an opportunity to contribute to the realisation of a low-carbon society.
Mitsubishi Heavy Industries (MHI), headquartered in Tokyo, has some 80,000 group employees and annual consolidated revenues of around 38 billion US dollars.
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