NnG Offshore Wind Revenue and Competitors

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. EDF Renewables UK and ESB acquired the project in May 2018 as part of a competitive bidding process.\n\nThe project has the potential to generate 450MW of renewable energy, which is enough power to supply around 375,000 Scottish homes – more than the whole of Edinburgh and will offset over 400,000 tonnes of CO2 emissions each year.\n\nThe NnG site was chosen because it combines technical, economic and environmental deliverability. Some of the criteria that formed part of the site selection process included; water depth, ground condition, expected energy yield, access to port facilities and more.\n\nNnG is one of two Scottish offshore wind farms to have won a Contract for Difference (CfD). It gives the wind farm an inflation-linked strike price for the electricity it produces for a period of 15 years. This revenue stream makes the project financeable and will enable it to reach financial close.