UK signs-off FIDE contracts

Eight major renewables projects – including five offshore wind farms – have now signed the first contracts under the UK government’s electricity market reforms (EMR), energy minister Michael Fallon said in a written statement to parliament.

Fallon says the contracts, awarded under the Department of Energy and Climate Change’s (DECC) final investment decision enabling for renewables (FIDE) process, will enable project developers to take final or other critical investment decisions.

The five wind farms are Dong Energy’s 1.2GW Hornsea 1,660MW Walney Extension, and 258MW Burbo Bank Extension projects; SSE/Repsol’s 664MW Beatrice wind farm in the Outer Moray Firth; and Statoil/Statkraft’s 402MW Dudgeon project off the Norfolk coast.

The three other schemes comprise two biomass conversion projects: namely Drax’s 645MW and Lynemouth Power’s 420MW biomass conversion projects; and MGT Power’s 299MW Teesside dedicated biomass project with combined heat and power.

Fallon says the UK government is committed to working actively with project developers in order to avoid delays while EMR is put in place.

The minister says the eight projects will provide up to £12bn ($20.1bn) of private sector investment, and support 8,500 jobs by 2020. 

In total they will provide around 15TWh, or about 14% of the renewable electricity the government expects to come forward by 2020.

The contracts were laid in both Houses of Parliament this week.

250MW of Polish wind sold

02 September 2014 11:41 GMT

JDR nets Dudgeon cable deal

02 September 2014 11:16 GMT

INTERVIEW: Hermann Albers, BWE

02 September 2014 09:05 GMT

Atlantic Array data made public

02 September 2014 09:46 GMT

IN DEPTH: Europe's wind capital

02 September 2014 09:15 GMT

Vestas gets 58MW Poland order

01 September 2014 05:44 GMT

IN DEPTH: UK offshore game-changer

02 September 2014 09:12 GMT

Glennmont round raises €500m

01 September 2014 04:34 GMT

Scots grant licence for EOWDC

01 September 2014 03:00 GMT

IN DEPTH: Siemens' bid to stay top

01 September 2014 09:13 GMT

Aikengall extension opposed

01 September 2014 02:31 GMT

Drive to cut UK offshore costs

01 September 2014 01:21 GMT

Met Office launches German service

01 September 2014 12:43 GMT

Mainstream switches strategy

01 September 2014 12:29 GMT

IN DEPTH: The Eno success story

01 September 2014 12:07 GMT

Rabobank finances Spring Canyon

29 August 2014 08:35 GMT

Siemens mulls options in Brazil

29 August 2014 08:28 GMT

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine