Aviva has made its largest infrastructure debt investment, putting £400 million into the world’s biggest wind farm, which is rising out of the North Sea 60 miles off the coast of East Yorkshire. The insurer is lending the money to Hornsea project 1, which is 50-50 owned by Orsted, the former Dong Energy of Denmark, and Global Infrastructure Partners, the New York-based group that owns Gatwick airport. The project includes a forest of 174 giant turbines, each taller than the Gherkin skyscraper in London. The funds are part of a multibillion-pound financing by the project and boosts to £1 billion the amount Aviva hopes to have invested in the wind farm sector by the end of the year.
Times 26th Nov 2018 read more »
Major employers in the Highlands have called for local and national government to “grasp the opportunity” to make the Moray Firth a renewables hub. Firms including Port of Cromarty Firth and Global Energy Group want to build on the recent successes of contract awards for the Moray East and Beatrice (BOWL) windfarms to create a centre of excellence in renewables. It comes as the Highland Council will deliberate plans for the 85-turbine Moray West windfarm this week, when planning officers claim the site is “damaging” to north-east sea views. Ultimately the planning decision will be made by Marine Scotland, based on the local authority’s advice.
Energy Voice 26th Nov 2018 read more »