Published on 26 Feb 2015

ScottishPower Renewables has hailed a major breakthrough in efforts to reduce the costs of offshore wind after the East Anglia ONE project successfully secured a Contract for Difference (CfD) in the completive competitive auction process run by the UK Government.

The successful bid was announced today as the shareholders work towards ScottishPower Renewables’ purchase of Vattenfall’s 50% share in East Anglia ONE. 

SPR will take the project forward initially as a 714 megawatt (MW) development after winning the auction with a price of £119/MWh, ensuring that East Anglia ONE will be the best value offshore windfarm ever developed in the UK.