French EDF Group buys 450 MW offshore farm

The offshore wind farm has had a turbulent beginning, for example with birds slowing the development. Now, the farm is shifting to French owners.

Photo: Siemens

The French EDF group has purchased offshore wind farm Neart na Gaoithe, after the solar and wind energy company Mainstream Renewable Power opened for bids, announced the company in a press release.

The offshore wind farm, which was approved in 2013 and was one the first recipients of CfD subsidies, has a secured settlement price at GBP 114.38/MWh. That is near double the price of the two British projects Hornsea One and Moray East.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs