VATTENFALL BUYS OFFSHORE WIND PROJECT IN GERMANY

Wind power Vattenfall has acquired a German offshore wind project in the North Sea with the goal to construct up to 79 wind turbines.

The project, Global Tech II Offshore Wind Project, has up until today been developed by its current owner, Erste Nordsee- Offshore Holding GmbH, a development company that is not fully capable of bringing the project to a conclusion in comparison with Vattenfall.

By taking over the project, Vattenfall aims at participating in the upcoming German offshore wind tender process, awarding project subsidies and necessary permits for realisation. “Global Tech II is eligible for the offshore tender process in Germany, and we will do our outmost to deliver a competitive project,” says Gunnar Groebler, Head of BA Wind at Vattenfall. He underlines the fact that the project fits well into Vattenfall’s strategy for a strong and sound growth in wind generation, in order to reach Vattenfall’s renewables growth target.

Global Tech II is located in the German North Sea, 85 kilometres north of the island of Borkum, and currently plans to erect 79 wind turbines in an area 47 square kilometres in size.

Global Tech II will now undergo further development in order to be ready to submit competitive bids in the tendering process for offshore projects. The tendering process will start in March 2017.

The winning projects will receive a subsidy award with fixed payments in the amount of respectively project’s bid price for 20 years.

“If Vattenfall wins the bid, Global Tech II would be commissioned around 2024 with a final investment decision (‘FID’) around 2020/2021. When constructed, the assets would be highly attractive because of the fixed subsidy,” says Peter Tornberg, Head of Business Unit Development in BA Wind.

Global Tech II
Wind power at Vattenfall

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