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Innogy takes full ownership of Triton Knoll

Posted By Bahzad Ayoub, 13 October 2017

On 10th October, Innogy and Statkraft completed an agreement under which Innogy acquired Statkraft’s 50 per cent share in the 860MW Triton Knoll offshore wind project. Innogy is now the sole owner of the project and the company has announced that it will reach a final investment decision (FID) for the project by the second half of 2018. This decision follows on from the project being awarded a CfD on 11th September in the latest auction round with a strike price of £74.75 per megawatt over 15 years.

Total UK Portfolio by Owner Share (MW) – 29th September 2017

Source: RenewableUK Project Intelligence

Total UK Portfolio by Owner Share (MW) – 12th October 2017

Source: RenewableUK Project Intelligence

The above charts show the total UK portfolio of offshore wind projects by owner share. The first chart shows what the breakdown looked like on 29th September and the second chart shows what it looked like on 12th October. Although the purchase of Statkraft’s share in Triton Knoll has not changed Innogy’s position with regards to the rankings, their overall portfolio share of UK projects has increased by 1%. Innogy’s total offshore portfolio of UK projects has now increased from 2,299MW to 2,729MW.

Preferred suppliers for turbines, foundations, substations and offshore cables for Triton Knoll have been unveiled since the awarding of the CfD. MHI Vestas has been announced as the preferred supplier of up to 90 of its V164-9.5 MW turbines. A joint venture of Sif and Smulders has been announced as the preferred foundation manufacturers, with MPI Offshore being the preferred installer. Onshore and offshore substations are to be supplied by Siemens Transmission and Distribution, who will also install the onshore substation. A consortium of NKT and VBMS have been announced as the preferred offshore cable suppliers. The table below shows the dates that RenewableUK’s forecasting model expects the main components for the Triton Knoll project to be installed with most activities commencing in the first half of 2020.

Source: RenewableUK Project Intelligence

Members of RenewableUK can access this information for offshore wind projects at the following link: http://www.renewableuk.com/PIForecastSummary

The overall forecast of UK project installation by current project status is summarised below:

This graph and the data supporting the graph can be accessed by RenewableUK company level members at: http://www.renewableuk.com/page/PIForecastGraphs

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