Siemens, Mainstream Agree on Leases on U.K. Offshore Wind Power

Mainstream Renewable Power Ltd. and a unit of Siemens AG (SIE) signed lease agreements to use sites off U.K. shores for as much as 1.8 gigawatts of wind power.

Smart Wind Ltd., a venture between Siemens Financial Services GmbH and Dublin-based Mainstream, signed leases with the Crown Estate, manager of the U.K. seabed, for the Optimus and Breesea parks, the companies said today in a statement.

The projects are part of the 4-gigawatt Hornsea Zone off the city of Hull in northeastern England that was awarded to Smart Wind in 2010 under a program to boost clean generation. Hornsea will provide enough power to meet 4 percent of U.K. demand, or about 3 million homes, according to the statement.

Smart Wind is developing Hornsea in phases, with Optimus (MLOPT) and Breesea the second stage. It will apply for the planning approval for the Heron Wind and Njord first phase in the summer.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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