CfD for Sofia Offshore Wind Farm by innogy

Wind Industry Profile of

Planned installed capacity of 1.4 gigawatts / Final investment decision planned for 2020 / Capital expenditure expected to total approx. £3 billion / Full commissioning scheduled for 2026

Last week, innogy SE moved a step closer to the realisation of what is currently its largest development project: Sofia, an offshore wind project with a consented installed capacity of up to 1.4 gigawatts (GW), won a contract from the UK Department for Business, Energy & Industrial Strategy (BEIS) in the latest auction round to support renewable energy projects (Contract for Difference). This means that the project can now progress towards the final investment decision and into construction. With a price of £39.65 per megawatt hour (MWh), this third allocation round has... ... More: Official Press Release innogy

Keywords:

innogy, UK, Sofia, offshore, wind energy, CfD, auction, development, wind farm, GW, portfolio