Swedish company invests £300m in North-east wind farm

A Swedish energy company has invested more than £300 million to build a wind farm off the Aberdeen coast.

With the investment it means that Vattenfall has now acquired the Aberdeen Renewable Energy Group’s (AREG) 25% share for an undisclosed sum and become the 100% owner of Aberdeen Offshore Wind Farm Limited.

When build it will become the largest largest offshore wind test and demonstration facility in Scotland.

Gunnar Groebler, senior vice-president and Head of Business Area Wind at Vattenfall, said: “Vattenfall, AREG, 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 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.”