The first phase of an ambitious project to build the largest wind farm in the world on British waters was pushed to the second half next year.
Dogger Bank A was to be completed in the six-month period leading up to the end September. It will, together with two sister wind farms, have a combined capacity of 3.6 Gigawatts.
SSE, a FTSE 100 energy company, blamed the stormy weather on further delays in the development. It was originally expected that the project would be completed this year. The company stated that “project returns will not be materially affected”.
The Dogger Bank Development Zone will be located between 125km to 290km offshore the east coast Yorkshire in the North Sea.
The company announced that it has completed the construction of the 443 megawatt Viking onshore power plant, the Shetland Subsea Link, which will link the Scottish islands with the British transmission system for the first-time, and the Slough Multifuel Energy-from-Waste Power Station.
The company’s output was boosted during the first half of the year by higher renewable energy production, which increased overall generation levels by 44 percent to 5.3 Terawatt Hours. The company expects to make at least £200m in adjusted operating profit from its thermal and gas storage operations for the entire year. This compares with £818m a year ago. The company will report its half-year results on November 13.
The adjusted net debt at the end March is expected to be around £10 billion after the company issued an €850 million green bond for eight years during that period.
SSE is one of the largest developers of offshore wind projects in UK waters and won financial support to provide 130.5 megawatts of capacity from the Cloiche wind farm in the latest contracts-for-difference auction round, at a guaranteed price of £50.9 per megawatt hour. The project aims to reach a final decision on investment next year.
SSE shares, which are one of the biggest developers of offshore wind in UK waters rose 16 1/2p or 0.9 percent to close at £18.901/2.
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