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Vattenfall

Renewables/Energy Transition

Vattenfall insists it has the cash for £230m wind farm off Aberdeen

The developer of a controversial wind farm off the coast of Aberdeen has dismissed claims it will not be able to fund the £230million project. Swedish energy firm Vattenfall said it is confident that cash reserves are in place for the European Offshore Wind Deployment Centre (EOWDC) testing and demonstration site, although an investment decision has yet to be taken on the scheme. Assurances came after Vattenfall announced the next step in the project. It said offshore survey group Fugro has started assessing the seabed in Aberdeen Bay ahead of the construction stage, which is slated to start in late 2017.

Other News

Vattenfall vows to press ahead with wind project after Trump rejection

Vattenfall last night vowed to press ahead with their £230million offshore wind project, and welcomed the Supreme Court's ruling. Andy Payne, project director for Vatenfall's Aberdeen Offshore Wind Farm (AOWF), said the Swedish energy giant was looking at ways it will fund the European Offshore Wind Deployment Centre (EOWDC) - and that a decision will be made by mid-next year.

Renewables/Energy Transition

Sweden’s Vattenfall to liquidate wave power venture

Swedish energy firm Vattenfall said Friday it is set to appoint a liquidator to wind up its failed wave power company, but vowed to dip its toes back into Scottish waters if conditions improve. Aegir Wave Power (AWP) was set up in 2009 as part of a joint venture between Vattenfall and renewable energy company Pelamis with the aim of developing commercial wave farms off Shetland. But the plan was pulled in November when Pelamis, whose generators were to be used by AWP, went into administration after failing to secure enough funding to develop its devices.