2017-10-19
http://w3.windfair.net/wind-power/Triton+Knoll

Wind Energy Keyword: "Triton Knoll"

Latest Wind Energy News

  • innogy issues first German corporate Green bond in benchmark size 10/16/2017
    ... with a rating upgrade from BBB- to BBB. Positive capital market reactions were also achieved for the complete takeover of the offshore wind power project Triton Knoll. ...
  • innogy acquires Statkraft’s 50 per cent share in Triton Knoll offshore wind project 10/11/2017
    ...innogy acquires Statkraft’s 50 per cent share in Triton Knoll offshore wind project innogy Becomes Sole Owner of Triton Knoll Offshore Wind Farm... Statkraft sells its 50 % stake innogy becomes sole owner of Triton Knoll project with a planned installed capacity of 860 megawatts / Future ownership structure to be reviewed further / Final investment decision planned for mid-2018 innogy, Statkraft, Triton Knoll, offshore, UK innogy and Statkraft have completed an agreement under which innogy has acquired Statkraft’s 50 per cent share in the offshore wind project Triton Knoll. With the acquisition of Statkraft’s share, innogy has become its sole owner. Both sides have agreed to maintain confidentiality regarding the purchase price. Triton Knoll is an offshore wind project with a planned installed capacity of 860 megawatts. Managed by innogy, Triton Knoll has been successfully developed through a joint venture by innogy and Statkraft. On 11 September 2017, the project was awarded a Contract for Difference (CfD) by the UK Department for Business, Energy & Industrial Strategy (BEIS) in the latest auction round to support renewable energy projects. Hans Bünting, COO Renewables of innogy SE, says: “With full control over Triton Knoll, we will now develop the project further to final investment decision at our own discretion. In due course, we will also review all options regarding the ownership structure of Triton Knoll to maximise value for our company and our shareholders.” Triton Knoll is one of the most cost-effective and most competitive offshore wind projects of the latest auction in the UK. The strike price awarded is £ 74.75 per megawatt over 15 years (the strike price is in 2012 prices). The wind farm will be able to supply the equivalent of an expected minimum of 800,000 UK households p.a. with renewable electricity. The planned investment volume amounts to approximately £2 billion (which corresponds to roughly €2.2 billion at the current exchange rate). The planned wind farm, located 32 kilometres off the coast of Lincolnshire in the east of England, has already been fully consented. The location offers good, proven wind conditions and moderate average water depths of 18 metres. The final investment decision for Triton Knoll is expected to be made in mid-2018. Until then the financing process will be finalized and contracting agreements completed with the project’s supply chain partners. So far, preferred suppliers for turbines, foundations, substations and offshore cables have been unveiled: MHI Vestas Offshore Wind shall provide up to 90 of its V164-9.5 MW turbines. Furthermore, it is planned to install the turbines and substations on monopile foundations manufactured by a joint venture of Sif Netherlands B.V. and Smulders Projects Belgium N.V. All offshore foundations and two offshore substations are to be installed by MPI Offshore. Onshore and offshore substations are to be supplied by Siemens Transmission and Distribution Ltd, who will also install the onshore substation. A consortium of NKT and VBMS shall supply the offshore cables. In 2018, onshore works are scheduled to begin to provide the grid connection. Offshore construction is expected to start in 2020. According to current planning, commissioning of Triton Knoll is expected in 2021. ...
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    NKT is preferred supplier for Triton Knoll offshore wind farm project 09/25/2017
    ...NKT is preferred supplier for Triton Knoll offshore wind farm project NKT wins cable contract for Triton Knoll Offshore Wind Farm NKT in a consortium... Agreement (PSA) for delivery and installation of export and array cable systems to the prospective offshore wind farm project Triton Knoll. NKT...
  • Technology advances enable Triton Knoll to remove Intermediate Electrical Compound from final design 09/22/2017
    ...Technology advances enable Triton Knoll to remove Intermediate Electrical Compound from final design Technology advances: Triton Knoll removes... planned IEC There will be no Intermediate Electrical Compound (IEC) for Triton Knoll Offshore Wind Farm Use of latest power flow management techniques...
  • Triton Knoll reveals MHI Vestas as preferred turbine supplier 09/19/2017
    ...Triton Knoll reveals MHI Vestas as preferred turbine supplier MHI Vestas to supply Triton Knoll with 9.5 MW turbines British Triton Knoll Offshore... Knoll, UK, offshore, MHI Vestas, turbine, 9.5 Triton Knoll has today unveiled MHI Vestas Offshore Wind as its preferred turbine supplier and its...
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    Offshore wind cost reductions come to the UK 09/12/2017
    .... WindEurope, UK, costs, auction, CfD The winning offshore wind projects – DONG Energy’s Hornsea 2, Innogy and Statkraft’s Triton Knoll...
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    Offshore wind prices tumble in record-breaking auction results – cheaper than nuclear and gas 09/12/2017
    ... projects are DONG Energy’s Hornsea 2 off the coast of Yorkshire, Innogy and Statkraft’s Triton Knoll off the coast of Lincolnshire, and EDPR and ENGIE’s Moray off the northeast coast of Scotland. The new wind farms, with a total capacity of 3,196 megawatts, will power the equivalent of more than 3.3 million homes.   The cost of offshore wind has plummeted since the last competitive auction results were announced in February 2015, with the new prices on average 47% lower than they were just over two and half years ago. The offshore wind prices announced today are cheaper than the cost of the 35-year contracts for new nuclear power of £92.50 per megawatt hour, and cheaper than the levelised cost of gas, according to figures from the Department of Business, Energy and Industrial Strategy.    Hornsea 2 and Moray will begin generating in 2022/23 at £57.50 per megawatt hour, and Triton Knoll in 2021/22 at £74.75/MWh, with prices guaranteed for 15 years of an expected project life of 25 years. Welcoming this morning’s results, RenewableUK’s Chief Executive Hugh McNeal said: “We knew today’s results would be impressive, but these are astounding. Record-breaking cost reductions like the ones achieved by offshore wind are unprecedented for large energy infrastructure. Offshore wind developers have focused relentlessly on innovation, and the sector is investing £17.5bn into the UK over the next 4 years whilst saving our consumers money. Today’s results are further proof that innovation in the offshore wind industry will bring economic growth for the UK on an industrial scale. The UK needs to establish new trading opportunities as we leave the European Union, and the UK’s offshore wind sector is a world leader in a global renewable energy market currently worth $290 billion a year. “Today’s results mean that both onshore and offshore wind are cheaper than gas and nuclear. But this young, ambitious industry can go even further. The Government can help us by continuing to hold fiercely competitive auctions for future projects, as it has promised, and by putting offshore wind at the heart of its upcoming Industrial Strategy. “Congratulations to the successful bidders: DONG Energy for Hornsea 2, Innogy and Statkraft for Triton Knoll and EDPR for Moray. These projects are the powerhouses of the future. “It’s great to see these excellent results for offshore wind. It’s important that innovative renewable technologies, including wave energy and tidal energy projects also have a route to market, so different mechanisms are needed to ensure these cutting-edge technologies can develop. Tidal energy projects are already showing cost reductions and with the right encouragement can undergo the same sort of journey as offshore wind. Onshore wind is the cheapest from of new power, so it deserves an opportunity to compete too”.   ...
  • Outer Harbour works commence at Peel Ports Great Yarmouth 10/24/2016
    ... such as Triton Knoll, also have the potential to offer one of the strongest opportunities for low cost, secure, home grown energy for UK consumers...
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    Statkraft re-evaluates UK offshore wind portfolio 09/09/2016
    ...;We’re currently re-evaluating all of our existing offshore wind assets, with the exception of Triton Knoll, where we remain committed to working...
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    Government’s approval of east coast offshore wind farm infrastructure creates UK job opportunities 09/06/2016
    ... that British supply chain companies will reap the economic benefits on offer from Triton Knoll. There’s massive potential for job creation... for innovative companies in Lincolnshire, the Humber region and throughout the UK”. The developers of Triton Knoll say that within the Humber region alone, the project could be worth around £224 million and support 800 jobs a year during construction, and over 220 jobs a year when it goes operational. Today’s announcement relates to the offshore and onshore cabling and infrastructure needed to feed electricity from the 900 megawatt (MW) project into the grid. The offshore turbines were consented in 2013. This means that the project now has full approval, and is ready to compete for financial support in an auction for Contracts for Difference (CfDs). ...
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