Bloomberg News

Mainstream Seeks Consent for $2.2 Billion Scotland Offshore Wind

July 30, 2012

Mainstream Renewable Power Ltd., an Irish clean-energy developer, applied to build a 1.4 billion- pound ($2.2 billion) wind farm off the coast of Scotland.

The 450-megawatt Neart na Gaoithe venture will produce enough power for 325,000 homes, or as much as 3.7 percent of Scotland’s electricity demand, according to a statement from the Dublin-based Mainstream Renewable sent by e-mail yesterday.

The application for 64 to 125 wind turbines at the site 15 kilometers (9 miles) off the Fife coast was submitted to the licensing operations team of Marine Scotland, the arm of the Scottish government that manages its seas. It will be open to consultation until Sept. 10, according to the statement.

Mainstream Renewable, developing 15 gigawatts of clean energy projects internationally, said in the statement the venture would cost 1.4 billion pounds and create hundreds of direct and indirect jobs during its 25 years of operation. Scotland is seeking to get all its electricity from renewables by the end of the decade to spur its economy and curb emissions.

Mainstream plans to complete a financing agreement next year with construction at sea starting in 2015. Full operation of the park, which got approval to connect to the national grid in 2010, is expected by the end of 2016, the company said.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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