United Kingdom

United Kingdom

Vattenfall to reduce EOWDC stake

Developer says it has to "prioritise its investments"

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Vattenfall is to reduce its stake in the European Offshore Wind Deployment Centre (EOWDC). The £230m (€270m) project planned off Aberdeen would feature 11 turbine positions and be a test-site for next generation offshore wind technologies.

EOWDC is backed by a joint venture between Aberdeen Renewable Energy Group (AREG) and Vattenfall. Technip is also a partner. But Vattenfall says it has had to "prioritise its investments". Peter Wesslau, UK country manager, said that "constraints on our capital budgets" had forced it to seek new investors for the project.

The EOWDC received Scottish government approval in March. It has also been awarded up to €40m in EU funding. Last summer, six turbine manufacturers signed memoranda of understanding and offshore work at the project site got underway last week.

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