Swedes invest £300m in Aberdeen wind farm

Swedish state-owned energy firm Vattenfall will invest more than £300 million as it becomes the 100% owner of the Aberdeen Offshore Wind Farm test facility.

For an undisclosed sum, Vattenfall will acquire Aberdeen Renewable Energy Group’s 25% share in Aberdeen Offshore Wind Farm Limited, the firm behind the European Offshore Wind Deployment Centre (EOWDC), also known as Aberdeen Offshore Wind Farm.

Legal challenges by US presidential hopeful Donald Trump to the project — which is close to Trump’s golf development at Menie — were rejected.

The 92.4 megawatt, 11-turbine project will test and demonstrate cutting-edge offshore wind technology.

Gunnar Groebler, senior vice president at Vattenfall, said: “Vattenfall, Aberdeen Renewable Energy Group, The Crown Estate, the Scottish Government and many others have been working since consent in 2013 to deliver the project and support the increasing competitiveness of the offshore wind sector.

“Now the Vattenfall team and our contractors will focus on building the project safely and help establish the north east of Scotland as an international centre for offshore wind innovation.

“Vattenfall’s green light for the EOWDC underlines our long term ambition to grow our wind power capacity, including in the UK.

“The UK Government believes that wind power should continue to provide an essential part of the UK’s low carbon electricity generation mix and so we remain committed to expanding our UK operations.

“In particular, we are confident that the new UK and Scottish governments will continue to support growth in offshore wind as the industry lowers the cost of energy significantly.”

Chair of Aberdeen Renewable Energy Group (AREG) and Aberdeen City Councillor Jean Morrison, said: “AREG is proud to have been a champion and facilitator for this project.

“As it moves into to the construction phase, it is now truly an industry project and it is appropriate that it be taken forward by our industrial partner Vattenfall.

“This is a big day for the north east of Scotland’s energy industry.

“The EOWDC is an important element in the strategy to diversify our energy industry, access new international markets, reduce the cost of offshore wind and create and safeguard jobs.

“Now ambitions for our energy industry can begin to become reality.”

Minister for Business, Innovation and Energy, Paul Wheelhouse, said: “This project will keep our nation at the forefront of innovation by allowing energy companies to identify new ways to reduce operating costs.

“We’re working hard to ensure offshore wind projects can help generate the low carbon electricity supply Scotland needs and the associated high quality engineering jobs Scotland wants.

“It’s important to remember that Scotland’s commitment to renewable energy has already helped the country meet our goal of achieving a 42% reduction in greenhouse gas emissions six years ahead of schedule, but we have more to do as a society in setting out to achieve our obligation to reduce emissions by 80% by 2050 and renewables will be absolutely key to this.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.