ScottishPower Renewables has today confirmed it is to start work on the 714MW East Anglia ONE offshore wind farm, hailing it as the “best value offshore wind farm in the world”. The company said it had reached a final investment decision for the £2.5bn project, which is now expected to create up to 3,000 jobs during construction before coming fully online in 2020. The project is expected to deliver enough clean power for 500,000 homes and has secured a price support contract of £119/MWh through the UK’s first renewable energy auction process. ScottishPower Renewables said the contract meant the project would deliver clean power at a price that is 15 per cent lower than any other offshore wind farm project currently under construction in UK waters.
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