EDF boosts UK wind energy drive with Isle of Wight project

EDF (Euronext: EDF) has teamed up with Dutch power firm Eneco to develop a giant U.K. offshore wind farm off the Isle of Wight.

The 50:50 joint venture is for the purpose of developing the Navitus Bay Offshore Wind Project, which will have a generating capacity ranging from 900 to 1200 MW.

The Navitus project was awarded to Eneco in 2010 by The Crown Estate, which manages the U.K.'s seabed, and it forms part of the Round 3 series of offshore contracts which aim to add up to 25000 MW of electricity to the grid by 2020, reports Industrial Info.

The contracts are valued at around €122bn ($162bn).

The proposed development will located on a sea area of 76 square miles and has the potential to generate enough electricity for between 615,000 and 820,000 homes. It will also offset approximately 1.2 million tonnes of CO2 annually.

"The arrival of one of Europe's biggest utility companies (EDF) into the Round 3 programme provides another boost for the offshore wind industry, bringing new expertise and skills into the U.K. market to help drive forward the world's largest offshore wind programme," explained Huub den Rooijen, Head of Offshore Wind, The Crown Estate.

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