Expected to produce enough electricity for 320,000 homes in the UK and be marked as the world’s largest wind farm, the new 367 megawatt Walney wind farm project 6km off the Cumbrian coast opened yesterday.
The $1 billion pound (US$1.58 billion) project is a joint venture between SSE, OPW and DONG Energy that includes 102 turbines each with a capacity of 3.6 megawatts.
The project is backed by investment from the Dutch pension fund provider PGGM and Ampere Equity Fund and was the first wind farm project to receive funding from a pension fund in the UK.
OPW director, Dennis van Alphen said: “This investment in clean energy is aligned with the criteria in the investment policy for our clients and investors and further cements our focus on expanding renewable energy as asset class.”
Last week over 100 MPs wrote to Britain’s Prime Minister David Cameron demanding cuts in subsidies to UK green project like these wind farms stating that the turbines were costly to run with the harsh conditions causing regular maintenance.
The MP’s letter stated that, “in these financially straitened times, we think it is unwise to make consumers pay, through taxpayer subsidies, for the inefficient and intermittent energy production that typifies onshore wind turbines.”
But energy secretary Ed Davey said: “We are not going to change direction. The Coalition is full scale behind the renewable targets. We are seeing the cost coming down.”