Forth Ports has announced a £40 million investment in the Port of Dundee in response to the decision by developers of Forth Ports has announced a £40 million investment in the Port of Dundee in response to the decision by developers of

Forth Ports reveals Port of Dundee investment

Forth Ports has announced a £40 million investment in the Port of Dundee in response to the decision by developers of Neart na Gaoithe to use the port as the projects construction hub. Last week (28 November 2019), Neart na Gaoithe reached financial close and Irish energy company ESB acquired a 50% stake. The 450 MW wind farm is expected to be operational by 2023, and the total investment required to deliver the project is estimated to be in the region of £1.8 billion. Construction of components is now underway, and offshore construction will start in June 2020.

All the project’s 54 turbines will be assembled at the Port of Dundee before being sailed to the site. Forth Ports’ £40m investment will go towards two new quaysides in Dundee and resurfacing of between 25 and 40 acres of land.

When fully operational,
Neart na Gaoithe is expected to generate electricity for around 375,000 homes, or all of the domestic properties in a city the size of Edinburgh, and displace 400,000 tons of CO2 annually.

It was awarded a CfD by LCCC in February 2015, with a strike price of £114.39/MWh. Developer Mainstream Renewable Power isin the process of progressing towards financial close, with work expected to start on the project in 2020 and the first commercial supply of electricity in 2023.
Once fully operational, it is expected to generate electricity for around 375,000 homes, or all of the domestic properties in a city the size of Edinburgh, and displace 400,000 tons of CO2 annually.

For more information on offshore wind farm developments,
click here. Alternatively, click here to view 4C Offshores interactive map.

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