Subsidy support granted to two offshore wind projects

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subsidy
Kishor Tailor

Two wind projects off the coast of Yorkshire and Lincolnshire have been granted subsidy support. Triton Knoll and Hornsea Project Two have both won Contracts for Difference to generate green energy in a multi-billion pound wind farm windfall.

Hornsea will be the fourth offshore wind farm from DONG Energy in the Southern North Sea and will be operated from Grimsby.  It will deliver 1,386 MW of new capacity supplying around 1.3 million homes with renewable power and will be built out in three phases, from 2022 to 2023.

The other, from Innogy and RWE Statkraft, will be for 860MW, and is also to be built in three phases, with the first in 2021/2022. The Triton Knoll team has underlined its objective to use Able Marine Energy Park at North Killingholme as a construction port and assembly base.

Kishor Tailor, CEO of Humber Local Enterprise Partnership said news of subsidy support was enormously encouraging: “These projects, along with the fall in the price of generating wind energy are a major boost for the Humber’s reputation as the UK’s ‘Energy Estuary’.

“Investment across the region from the likes of Siemens and DONG Energy has allowed for such growth and this will continue following the approval of the projects at Hornsea and Triton Knoll.

“The LEP’s investment in £1.147million Regional Growth Fund funding has assisted DONG’s delivery in Hornsea Project Two by initially incentivising DONG Energy’s investment at the Port of Grimsby.”

Backed by subsidy support, the projects will create jobs, both in the construction phase and in the operational phase, showing further creation of sustainable employment for the Humber region.  They also provide new supply chain opportunity for the local business community and stimulate new investment.