- Published: 27 February 2015 27 February 2015
The East Anglia ONE project successfully secured a Contract for Difference (CfD) in the completive competitive auction process run by the UK Government. The successful bid was announced as the shareholders work towards ScottishPower Renewables’ (SPR) purchase of Vattenfall’s 50% share in East Anglia ONE.
SPR will take the project forward initially as a 714MW development. The development will see around 100 wind turbines installed in the southern North Sea. The overall investment will be in the region of GBP 2 billion. East Anglia ONE has planning consent for up to 1,200MW, and ScottishPower Renewables may still seek to build out the full project by securing further capacity in future CfD auctions. The East Anglia ONE project will now be developed solely by ScottishPower Renewables. Vattenfall and ScottishPower Renewables will continue to develop the rest of the East Anglia zone.