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Npower renewables buys Atlantic Array
1 October 2008
As investors start flexing their muscles in readiness for the UK's third round of offshore wind farm site leases (page 37), Npower renewables has acquired Channel Energy Ltd, the company formed to develop a 1500 MW offshore wind project off the north coast of south-west England. Channel Energy is the vehicle set up by Devon-based Farm Energy to develop the project, known as Atlantic Array. Up to 350 turbines could be sited in the Bristol Channel some 22 kilometres north-west of Ilfracombe. Channel Energy holds a connection agreement with National Grid to link the power station to the high voltage transmission network. Npower renewables, a subsidiary of German energy group RWE Innogy, says its acquisition supports its intention to bid for sites under the Crown Estate's Round 3 leasing program. Farm Energy is a small wind development company that originated the 1000 MW London Array project in the Thames estuary -- the world's largest fully consented offshore wind project. Under the terms of the sale, Farm Energy staff will continue to develop the project under a management services agreement. They have created a new company, Zero Carbon Marine Ltd, to provide these services.
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