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Equinor wins opportunity to develop world's largest offshore wind farm

25/09/2019
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Following the conclusion of the UK government’s most recent Contracts for Difference (CfD) offshore wind auction, Equinor and its joint venture partner SSE have secured contracts to develop what would be the world’s largest offshore wind farm on completion.
Equinor wins opportunity to develop world's largest offshore wind farm
(Image via Equinor).

The proposed development, which has been named the Dogger Bank wind farm, will consist of three projects, Creyke Beck A, Creyke Beck B and Teesside A. The contracts were awarded under the Contracts for Difference (CfD) competitive auction held by National Grid on behalf of the UK’s Department for Business, Energy and Industrial Strategy (BEIS) which has successfully commissioned 6GW of offshore wind to reach a target of 30GW of offshore wind by 2030.

Once completed, the three projects will have a total installed capacity of 3.6GW, producing enough energy to power the equivalent of 4.5 million UK homes. 

Commenting on the contract awards, Eldar Saetre, CEO of Equinor, said:

“The successful bids for the world’s largest offshore wind development represent a game-changer for our offshore wind business and support the development of Equinor as a broad energy company. A full-scale development of Dogger Bank will constitute an industrial wind hub in the heart of the North Sea, playing a major role in the UK’s ambitions for offshore wind and supporting the net zero ambition. Excellent wind speeds, shallow waters and scale make Dogger Bank well positioned to deliver low cost renewable electricity to UK homes and businesses.”

As Saetre highlighted in his comment, the Dogger Bank area of the North Sea is an ideal site for a super-scale offshore wind farm. Located around 130km east of the Yorkshire Coast and with shallow water depths of between 20m to 35m, Dogger Bank will allow for relatively easy operations and maintenance of the project throughout its lifetime. The wind farm’s accessible location should also help to reduce costs both in the initial construction phase, and during operations.

The clearing prices for the projects are £39.650 per MWh for Creyke Beck A and £41.611 per MWh for the Creyke Beck B and Teesside A projects (all in 2012 real prices). The auction results reflect the continued cost reductions and technological developments and the increasing competitiveness of bottom-fixed offshore wind. The contracts offer a fixed price for the first 15 years of operation, providing the projects with a long-term predictable revenue stream.

Equinor and SSE are planning for a final investment decision for the first project during 2020 and first power generation is planned for 2023. Further phases of the Dogger Bank project will be developed thereafter.

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Equinor wins opportunity to develop world's largest offshore wind farm - Time to read 3 min
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