• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 hours California's Oil Industry Collapses Despite Shale Boom
  • 6 hours Greenpeace Blocks BP HQ
  • 12 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 16 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 3 hours Shale to be profitable in 2019!!!
  • 36 mins Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 13 hours Australian Voters Reject 'Climate Change' Politicians
  • 16 hours IMO2020 To scrub or not to scrub
  • 20 hours Global Warming Making The Rich Richer
  • 11 hours UK Needs New Wind Turbines
  • 10 hours Will Canada drop Liberals, vote in Conservatives?
  • 2 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 17 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 20 hours California Threatens Ban on ICE Cars
  • 22 hours Shell ‘to have commercial wind farms’ by early 2020s
Bearish EIA Report Keeps Oil Prices Down

Bearish EIA Report Keeps Oil Prices Down

Oil prices got a bearish…

Canada’s Pipeline Crisis Isn’t All Bad For Investors

Canada’s Pipeline Crisis Isn’t All Bad For Investors

Canadian drillers that find themselves…

Triton Knoll Takes Title from London Array as World’s Largest Offshore Wind Farm

Great Britain, with its constant winds, and shallow seas is one of the best locations in the world for offshore wind turbines. Last week David Cameron, the British Prime Minister, officially opened the London Array, the world’s largest offshore wind farm, based in the Thames Estuary, but not satisfied with that record breaking facility the government has just approved planning consent for an even larger offshore wind farm.

Ed Davey, the Energy and Climate Change Secretary, announced that the Triton Knoll wind farm, to be developed around 20 miles off the North Norfolk and Lincolnshire coastline, has permission to erect 288 offshore turbines, giving it a generating capacity of 1.2GW, and making it the largest in the world.

Davey said that “the investments by Triton Knoll Offshore Wind Farm Limited and Vattenfall (set to begin construction soon  on a 76 turbine farm in South Wales) are testament to the power of inward investment in the UK. These two projects will attract billions in investment into the UK, support hundreds of skilled green jobs in Lincolnshire, Norfolk and in the county boroughs of Neath Port Talbot and Rhondda Cynon Taf whilst providing homes with clean energy.”

Related article: Future of UK Offshore Wind Sector in Jeopardy

RWE npower, the developer of the Triton Knoll project, has said that the installation could attract as much as £3.6 billion investment, and create 500 jobs during construction, with 325 permanent jobs later to operate the facility.

Davey argues that these investments are proof that the government’s electricity market reforms, and Energy Bill drafts, are encouraging new clean energy investment. “We have provided certainty early to onshore and offshore wind investors and now see significant investment decisions being made that will benefit the UK's economy for years to come.”

However, Jacob Hain, Triton Knoll Project Manager, has stated that RWE npower will not make any final investment decisions until the government’s Energy Bill and electricity market reforms are complete and official.

“In order to realise these ambitious offshore projects, the Government's Electricity Market Reform must deliver a regulatory framework which is bankable to attract the required levels of investment,” he said.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News