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Vattenfall Gets U.K. Approval to Build Biggest Welsh Wind Farm

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May 8 (Bloomberg) -- Vattenfall AB, Sweden’s biggest utility, won approval from the U.K. government to build the largest onshore wind farm in Wales.

The 299-megawatt Pen Y Cymoedd project in South Wales will produce enough electricity to power 206,000 homes, the Department of Energy and Climate Change said today in an e-mailed statement. About 300 million pounds ($484 million) of capital expenditure will be needed for the 76-turbine farm, Vattenfall said in a statement.

“Pen y Cymoedd is a major project that could be worth more than 1 billion pounds to the U.K. economy,” Vattenfall said. Construction may begin as early as 2013 and take about three years, according to the company.

The U.K. has about 4,750 megawatts of onshore wind capacity, according to the RenewableUK lobby group. The government is seeking to have 13,000 megawatts by 2020 to help the country meet its European Union renewable energy and carbon emissions goals. The country plans to increase offshore wind power to 18,000 megawatts from 1,850 megawatts now.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

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

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