The Neart na Gaoithe (NnG) offshore wind farm will be located 15.5 km off the Fife coast and covers an area of approximately 105 km2. With 54 wind turbines, the project has the potential to generate 450MW of renewable energy. Twenty-five (25) financial institutions are lending money to fund the wind farm which will supply enough low carbon electricity for around 375,000 homes*. French company EDF Renewables has awarded a contract to Saipem for the construction of the £1.8bn ($1.5bn) Neart na Gaoithe (NnG) wind farm offshore Scotland. The overall value of the contracts is above 4 billion USD and Saipem’s share amounts to approximately 2.7 billion USD This is the first turn-key project awarded to Saipem in the offshore wind farm sector.
It gives the wind farm an inflation-linked strike price for the electricity it produces for a period of 15 years.
Consultancy to provide geotechnical interpretation services for 450MW offshore wind farm. Located off Scotland’s east coast, the 53-turbine NnG wind farm is operated by EDF Renewables and will look to generate enough energy to power 375,000 homes. French firm EDF, which bought over the NnG project last year, is reportedly set to make £130 million a year from the wind farm, which will provide power for up to 375,000 homes.
NnG is one of two Scottish offshore wind farms to have won a Contract for Difference (CfD).
This revenue stream makes the project financeable and will enable it to … Construction of the Neart na Gaoithe (NnG) offshore wind farm is now underway following confirmation from EDF Renewables that financial close for the project has been achieved.
With 54 wind turbines, the project has the potential to generate 450MW of renewable energy. This is the first turn-key project awarded to Saipem in the offshore wind farm sector.
The wind farm will be able to produce 450MW of clean energy – equivalent to the annual power consumption of around 375,000 homes. San Donato Milanese (MI), November 28, 2019 – Saipem has been awarded a contract by the French company EDF Renewables for the construction of the Neart na Gaoithe (NnG) wind farm offshore Scotland. Geoscience and geotechnical engineering consultancy Cathie has been contracted by Saipem to provide interpretation of the geotechnical conditions encountered at the Neart na Gaoithe (NnG) offshore wind farm situated off the Fife coast in the UK.
Saipem: new contracts awarded to Saipem, as leader of a joint venture with Daewoo E&C Co. Ltd and Chiyoda Corporation, for the Nigeria LNG Train 7 Project.
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