German energy firm EnBW has been given the greenlight for a 1.8 billion euro windfarm development in the North Sea.
The offshore wind farm Hohe See is a planned 500megawatt project which will be co-financed by Canadian power company Enbridge.
Calgary based Enbridge has acquired 49.9 per cent of the shares in EnBW Hohe See, while EnBW will retain the remaining 50.1 per cent.
EnBW chief executive Frank Mastiaux called the project “one of the largest investment decisions taken in the history of EnBW”
Both partners will jointly finance the wind park from construction through to commissioning in 2019, shouldering roughly half the investment sum each.
EnBW will be responsible for the operation and maintenance of the finished wind farm based on a service and management contract.
A total of 71 wind turbines be constructed in the so-called “exclusive economic zone” in the German North Sea.
Following the formation of the partnership, Enbridge also has an option to participate in another EnBW project in the North Sea – the offshore wind farm Albatros.
The detailed examination of the technical and economic framework conditions for the project has already reached an advanced stage, according to EnBW.
EnBW is still to decide on whether to construct the offshore wind farm in early 2017.
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