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Neart na Gaoithe

UK

Shock over pulling of BiFab cash

The company that owns Burntisland Fabrications (BiFab) was "shocked" and "incredibly disappointed" when Scottish Government ministers pulled the plug on providing further financial support for the business, MSPs have been told.

Renewables/Energy Transition

£1.8billion wind farm project sold to EDF Renewables

Scotland’s largest in-development offshore wind farm has been sold by its Irish owner to French energy giant EDF. The £1.8 billion Neart Na Gaoithe (NNG) array off Fife Ness is one of the largest ever to be brought forward in Scotland and physical construction of the array is due to begin imminently.

Renewables/Energy Transition

Developer confident of wind farm go-ahead despite subsidy setback

The backers of a £2billion wind farm planned for the outer Forth Estuary have not been scared off by moves to scrap a subsidy agreement, the project’s developer said yesterday. The Low Carbon Contracts Company (LCCC), which manages for the contracts for difference (CfDs) for the UK Government, said in late March it would terminate the state subsidy for the Neart na Gaoithe (NNG) wind farm. But developer Mainstream Renewable Power said it was not taking the setback lying down and insisted funding was still in place for NNG, which was expected to result in £1.1billion of spending in Scotland and create 600 jobs.

Renewables/Energy Transition

£2bn windfarm project nears construction as backers found

A consortium has pledged £500million worth of backing for a £2billion wind farm planned for the outer Forth Estuary, bringing the construction phase a step closer, the company behind the project said yesterday. Mainstream Renewable Power is now in a stronger position to meet the March 26 deadline for achieving financial close, though a judicial review continues to cast doubt on the scheme. The Neart na Gaoithe (NNG) wind farm would bring huge economic gains to Scotland. More than £540million will be spent in Scotland during the construction phase, with 500 jobs created.