Vattenfall to invest £460m to build two new winds farms in the UK
Wind farms will be located in South Wales and Aberdeenshire.
The Swedish energy company Vattenfall will build two new wind farms in the UK with an investment of £460m (or 4.7bn Swedish Krona), as part of its plans to increase its share of renewable energy generation and to further improve its position in the UK.
Peter Smink, director of business division sustainable energy projects at Vattenfall, said that currently, the UK is an attractive market for the firm to invest in onshore wind power because the government has backed its development as a crucial part of its growth agenda.
According to the company, the wind farm will be located at Pen y Cymoedd in South Wales, near the Neath Port Talbot and Rhondda Cynon Taf. The 76-turbine wind farm will have a combined capacity of 228MW and can produce electricity needed for approximately 140,000 households in a year.
The construction of the Pen y Cymoedd wind farm is scheduled to start in 2014 with first power to be generated for the National Grid in late 2016. Vattenfall will also invest £1.8m every year into community funds for the 25-year life of the wind farm.
Vattenfall has started the construction of the 18-turbine Clashindarroch wind farm in Aberdeenshire, Scotland. The £60m plant is expected to be completed in early 2015. The plant will have a targeted capacity of 36.9MW and can produce electricity needed for 22,000 households in a year.
Edward Davey, the British Secretary of State for Energy, said: “We have provided certainty early to onshore and offshore wind investors and now see significant investment decisions being made that will benefit the UK’s economy for years to come.”
The company, which entered the UK market in 2008, currently operates Thanet Wind Farm, located 11km off the coast of Kent. It has invested more than £2bn in five onshore and offshore wind farms so far in the UK.