World’s largest offshore windfarm receives planning permission

World’s largest offshore windfarm receives planning permission

Dong Energy’s (CPH: DENERG) Hornsea Project Two, the world’s largest offshore wind farm has received development consent from Business and Energy Secretary Greg Clark.

Upon completion, the wind farm will deliver up to 1.8GW of low carbon electricity to around 1.8 million UK homes.

It’s expected to create up to 1,960 construction jobs and 580 operational and maintenance jobs.

The investment would total around US$7.7 billion if built to capacity.

Greg Clark, UK Business and Energy Secretary said: “The UK’s offshore wind industry has grown at an extraordinary rate over the last few years, and is a fundamental part of our plans to build a clean, affordable, secure energy system.

“Britain is a global leader in offshore wind, and we’re determined to be one of the leading destinations for investment in renewable energy, which means jobs and economic growth right across the country.”

Positioned approximately 89km of the Yorkshire coast, the windfarm will consist of 300 wind turbines and will connect to the grid at North Killingholme in North Lincolnshire.

The government is making $947 million of financial backing available for renewable electricity generation.

Around 10GW of offshore wind is planned to be installed by the end of the decade and up to 10GW of new offshore wind could be installed in the 2020s as costs drop.