The giant 402MW Dudgeon offshore wind farm off the coast of Norfolk was officially opened yesterday, providing further evidence costs are falling sharply across the industry. Operator Statoil and its partners Masdar and Statkraft announced the construction costs for the project had fallen more than 15 per cent from £1.5bn to £1.25bn since the original investment decision for the project was made in 2014. The project and its 67 turbines are now fully operational, providing enough power to the grid for up to 410,000 homes. Statoil’s CEO Eldar Sætre hailed the project as “an important contribution to realizing the UK’s renewable energy strategy”.
Business Green 23rd Nov 2017 read more »