- Triton Knoll aims to be one of the most cost-competitive projects
- Project expects to be in an excellent position to compete in the next round
- Project aims to put east coast businesses and communities at the heart of development
Triton Knoll, which aims to be one of the UK’s most cost-competitive offshore wind farm projects currently in development, today welcomed government confirmation that the next Contracts for Difference auction will open in April 2017.
The offshore wind farm project says it is well prepared to submit a bid into the next auction and considers itself to be in an excellent position to compete for a share of the £290 million annual support, which was confirmed today for the next allocation round.
To date, a 70+ person strong project team has been dedicated to identifying cost reduction opportunities and is analysing data from onshore and offshore site investigation works commissioned during 2016, applying best practice from previous experience.
Project Director James Cotter said: “Triton Knoll is to be considered one of, if not the most cost-competitive offshore wind farm projects bidding into this second auction round.
“We welcome today’s confirmation and look forward to further clarification of the Allocation Framework and Contracts for Difference terms, which are crucial to projects being able to deliver the lowest cost of energy for consumers.
“Triton Knoll is a great renewable energy project, and the project team is driven by a real desire to reduce the cost of energy to the consumer and be an active catalyst for long-lasting economic growth, by ensuring we tap into the significant investment potential for the Humber, Greater Lincolnshire and East Coast economies. Triton Knoll estimates that, in the Humber area alone, it could support on average over 815 full time equivalent jobs during the construction phase and 220 full time equivalent jobs during operation – with potentially more depending on the competitiveness of local businesses.
“We’re already working with local and regional skills agencies to help our neighbouring communities be best placed and sufficiently skilled to compete for these jobs now and in the future. At the same time, we’re closely engaged with the region’s business organisations and our top tier contractors so that local companies will know about and be ready to compete for any new opportunities.
“There are an exciting few months ahead for Triton Knoll, and we look forward to working with local people and businesses to bring this project, and its regional and UK economic and energy security benefits to life.”
The Triton Knoll Offshore Wind Farm would be located in the southern North Sea, approximately 32km off the Lincolnshire coast and 50km off the coast of North Norfolk. The project was the largest Round 2 offshore wind farm to be awarded in 2004 and is being developed as a joint venture between Innogy Renewables UK Ltd(1) (50%) and Statkraft (50%), with innogy managing the project on behalf of the partnership. With an anticipated up to 900MW installed export capacity, the wind farm would have the potential to power up to 800,000(2) UK homes once fully operational.
A Development Consent Order (DCO) for the offshore array was granted by the Secretary of State in July 2013, while consent for the Electrical System was granted in September 2016.