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innogy moved a step closer to the realisation of its Sofia offshore wind project with a consented installed capacity of up to 1.4GW by winning a Contract for Difference (CfD) from the UK Department for Business, Energy & Industrial Strategy (BEIS) in the latest auction round to support renewable energy projects.
The final investment decision for Sofia is expected to be made during 2020 when the contracting agreements with prospective supply chain partners will be completed. Onshore works are scheduled to begin in 2021 with offshore construction getting underway from 2022. First power is due to be generated in 2024/25 and on the current schedule, the wind farm would be fully operational by the end of 2026. Sofia Offshore Wind Farm is 100% owned by innogy and got a price of GBP 39.65 per MWh.