Germany continues to uphold its supremacy in offshore wind market, makes headway on the Deutsche Bucht project
Category: #world  By Saipriya Iyer  Date: 2017-08-24
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Germany continues to uphold its supremacy in offshore wind market, makes headway on the Deutsche Bucht project

Germany’s sovereignty in the renewables sector has hit an all-time high, with its offshore wind farm gaining ground. The Deutsche Bucht Offshore Wind Farm, of 252 MW, is reportedly located around 95 km to the west of Borkum in the German Exclusive Economic Zone, North, and will be developed by Northland Power, with MHI Vestas Offshore Wind selected to supply wind turbines.

The reputed Canadian energy company, Northland Power, had acquired the Deutsche Bucht offshore wind farm for a valuation of CAD 1.9 billion (approximately EUR 1.3 billion) in March, and has scarcely closed the deal. The independent power conglomerate has chosen MHI Vestas to supply the wind turbines for this project, each of which will reach up to a height of 164 m. The wind farm will apparently encompass the V164-8.0 MW turbines of MHI Vestas.

As per details revealed by sources, the construction for DeBu has been doled out to Van Oord. The proposed contract will include the design, construction, procurement, engineering, and installation of the inter array cables, foundations, as well as the offshore high voltage station. The responsibility of the transportation of the wind turbines will be handled by Van Oord as well. As far as the construction module is considered, Van Oord’s executives have claimed that the company will incorporate Nexus, its cable-laying vessel, and Aeolus, its offshore installation vessel. If sources are to be believed, the construction may commence at the beginning of Q3 2018, deeming the farm to be fully operational by the last quarter of 2019.

Northland Power has cleared quite a few of the speculations revolving around the financial aspects of this super-colossal project, that is touted to strengthen Germany’s contribution toward offshore wind market. The energy provider has confirmed that it has successfully attained closure on all the equity and debt dispensed in the project. The company, as of now, is officially 100%-scaled proprietor of this farm. Northland Power has also confirmed that around 75% of the costs incurred in the Deutsche Bucht project will be accommodated by a non-recourse construction and term mortgage worth EUR 988 million from 10 commercial financial backers.

As reported by authentic sources, the DeBu farm is the third offshore wind project undertaken by Northland Power. This farm is located merely 77 km from the 332 MW Nordsee One, the other offshore wind farm undertaken by Northland Power in the German North Sea. When completed, the Deutsche Bucht (DeBu) offshore wind farm is expected to generate sufficient electricity to power more than 178,000 households. In addition, it has been estimated that the farm will contribute toward reducing carbon emissions by at least 360,000 tons per year.



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Saipriya Iyer

Email: saipriya.l@news.marketsizeforecasters.com   

Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

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