Plans to build 10GW worth of offshore wind in the North Atlantic and connect it with the United Kingdom by undersea cables have been unveiled, starting off with a 2GW offshore wind farm to be built off the coast of Iceland to begin operations in 2025. Hecate Independent Power (HIP), the company behind the lofty plan, is a part of Hecate Holdings, a leading US-based renewable developer founded in 2012 which has developed a pipeline of 1.4GW renewable PPAs and boasts an “active” renewable development pipeline of over 12GW. HIP is chaired by Sir Tony Baldry, a former British energy minister under prime ministers Margaret Thatcher and John Major. HIP has already lodged four connection applications with the UK’s national grid operator for an initial 4GW of grid connections to the UK’s 400kV electricity transmission system across four connection sites.
Renew Economy 25th May 2021 read more »