Scottish Power Commits $3.5 Billion for U.K. Offshore Wind Farm
- East Anglia One will be in North Sea 45 kilometers from coast
- Deadline for final investment decision is the end of March
A wind farm in Marshalltown, Iowa.
Photographer: Timothy Fadek/BloombergThis article is for subscribers only.
Scottish Power Ltd. decided to move forward with a 2.5 billion-pound ($3.5 billion) investment to build one of the U.K.’s biggest offshore wind farms in the North Sea.
Construction of the East Anglia One offshore field will begin next year, the Glasgow-based subsidiary of Iberdrola SA said in an e-mail. The wind farm, located about 45 kilometers (28 miles) off the U.K.’s east coast, will have 102 turbines with capacity of 714 megawatts -- more than any other currently operating offshore wind farm.