Humber's €22 billion offshore wind investments showcased at LISW17
By Grimsby Telegraph | Posted: 12 Sep 2017
OFFSHORE investments of €22 billion were flagged up to global investors at London International Shipping Week.
The region’s role in wind energy was a prominent feature of the first ever Humber Maritime Showcase, with the organisers buoyed by the major wind farm windfall Government announced yesterday.
Mark O’Reilly, chief executive and chairman of Team Humber Marine Alliance, said: “There is 22 billion Euros of development offshore, and the journey just goes on. Yesterday was another amazing milestone, Hornsea Project Two and Triton Knoll getting Contracts for Difference from Government, the go-ahead to proceed, and that’s another €8 billion of opportunities.
“It is amazing news and something we have been talking about for many years. What were numbers and maps are now turning into actual projects.”
He spoke of the major development by Siemens in Hull, and how Grimsby has become the operations and maintenance centre for wind, something that “is revitalising the town”.
Mr O’Reilly said: “These unbelievable milestones seem to be coming often now after a long period of waiting. These are projects we have been talking about for five years or more and it is amazing we are now getting to the stage where they are starting to come to fruition. There is now a pipeline of projects that will last for many, many years to come, which is just what we are looking for.
“I hope now, if any inward investors are holding back that this will give them the incentive to invest. It is an area that can now see longevity in the industry, it is outstanding. It will also be interesting to see what happens with Triton Knoll and Able UK. It could be the kick-start for Able Marine Energy Park.”
As reported, the team behind the 860MW wind farm off the Lincolnshire coast has committed to the North Killingholme port, providing the quayside can be ready in time for the construction schedule.
Hornsea Project One, at more than 1.3GW, will become the largest wind farm in the world, and provide the lowest cost offshore wind energy after hitting a £57.50 strike price with Government. It will eclipse Hornsea Project One (1.2GW) which is in early stage construction now.