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SSE makes final investment decision for Seagreen

By: Tom Russell 03/06/2020 SSE Renewables

General Windfarms

SSE Renewables has taken a final investment decision to proceed with the Seagreen 1 offshore wind farm located in Scottish waters in the Firth of Forth. The £3bn project will be taken forward together with a new joint venture partner, oil and gas major Total.

SSE Renewables has entered into an agreement to sell a 51% stake in Seagreen 1 to Total. SSE Renewables will continue to lead on the development and construction of the project, supported by Total, and will operate the asset on completion, which is expected in 2022/23. The transaction remains subject to conditions precedent, including public authorities approval and should be finalised by July 2020.

Jim Smith, Managing Director of SSE Renewables, said: “Following the agreement with Total we are looking forward to delivering the Seagreen offshore wind farm which will contribute towards building a cleaner, more resilient economy as we pursue a green recovery from coronavirus by unlocking £3bn of low carbon investment, creating green jobs and generating the zero-carbon power we need to reach net zero.”

“Total builds up a strong position in the world’s largest offshore wind market, as it becomes a majority stakeholder in the Seagreen 1 project, one of the largest offshore wind farms in the UK North Sea. This move represents a major change of scale for Total’s offshore wind activity in line with our strategy of profitable growth in renewables and low carbon electricity,” said Patrick Pouyanné, Chairman & CEO of Total. “As one of the main actors in the UK energy sector, Total will leverage its extensive expertise in offshore operations and maintenance to contribute to the success of the project alongside country’s leading offshore wind developer, SSE Renewables”.

SSE Renewables has signed a contract with MHI Vestas Offshore Wind to provide 10MW turbines, with blades to be manufactured in the Isle of Wight and service operations based in Scotland.

Seaway 7 will create up to 50 jobs at its Aberdeen office as a result of being awarded the contract to install the turbine foundations and inter-array cables for Seagreen. The subcontract for the fabrication of foundations is still being negotiated and will be announced in due course.

Montrose Port has been selected as home to the operations and maintenance base for the 25-year life of the offshore wind farm.

Petrofac has been tasked with building the onshore and offshore substations. Petrofac's full scope includes, on a lump-sum basis, the engineering, procurement, fabrication, transportation, installation and commissioning of the offshore substation platform, including the topside, jacket and piles. The onshore substation EPC scope includes all civil works and major equipment.

In September 2019, SSE Renewables secured a 15-year Contract for Difference (CfD) in the UK Government’s auction for low carbon power for around 40% of the project’s capacity. Another 30% will be contracted with the SSE Group, which will provide a route to market for this renewable output, including through developing opportunities to meet its customers’ growing demand for long-term fixed price green power.

SSE Renewables continues to develop its wholly owned Seagreen 2 and 3 projects (combined up to 3,200MW), which were awarded exclusive development rights by The Crown Estate in 2010. It has also started onshore construction on the world’s largest offshore wind farm, Dogger Bank Wind Farm, which it is delivering together with its partner, Equinor.

For more information on offshore wind farms worldwide, click here.

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SSE makes final investment decision for Seagreen

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