- Press Releases
January 17 (Renewables Now) - The joint venture between Macquarie’s Green Investment Group (GIG), TotalEnergies and RIDG – Renewable Infrastructure Development Group has made the most of its participation in the ScotWind offshore wind leasing round by winning rights to a 2-GW site.
The JV, in which GIG has a 46.75% stake, TotalEnergies has 38.25% and RIDG has 15%, was awarded the N1 area to develop the West of Orkney wind farm, 30 km off the west coast of Orkney in Scotland.
The project is estimated to require an investment of over GBP 4 billion (USD 5.46bn/EUR 4.78bn) and will come with a GBP-140-million initiative to support the development of the local supply chain. The consortium has already carried out extensive site investigations and has also concluded a grid connection deal with National Grid.
Electricity production from the wind park is seen to start by 2030. Upon completion, it is likely that the plant would deliver power to the Flotta Hydrogen Hub in Orkney.
“We will provide all our resources from our new UK Offshore Wind Hub in Aberdeen, which will draw on the expertise and supply chain of our oil and gas activities and on Scottish industry, all in close collaboration with the local communities, said Patrick Pouyanne, chairman and CEO of TotalEnergies.
(GBP 1.0 = USD 1.365/EUR 1.197)