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Seagreen 1 offshore wind farm, UK

28th August 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Seagreen 1 offshore wind farm.

Location
The project is located 27 km from the coastline, in Scottish waters of the UK North Sea.

Project Owner/s
SSE Renewables.

In June 2020, Total entered into an agreement with SSE Renewables to acquire a 51% stake in the project for an upfront payment at closing of £70-million and earn-outs up to £60-million in aggregate, subject to performance conditions. The purchase agreement also covers a potential extension opportunity of up to 360 MW.

Project Description
The project involves the construction of Scotland’s biggest offshore wind farm with a capacity of 1 140 MW.

The project is designed to cover the energy needs of about one-million homes.

Phase 1 includes the development of the Seagreen Alpha and Seagreen Bravo wind farms.

Potential Job Creation
The project is expected to create 410 jobs a year.

Capital Expenditure
The project is estimated at £3.7-billion.

Planned Start/End Date
Construction started in the first quarter of 2020 and is expected to start producing renewable electricity from the end of 2022.

Latest Developments
The project has simultaneously reached a final investment decision and financial close.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
SSE Renewables – Seagreen, tel +44 0141 224 7192 or email seagreeninfo@sse.com

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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