Page 1 of 2 RWE Innogy Takes Share of C-Power and Its 300 MW Wind

RWE Innogy takes share of C-Power and its 300 MW wind farm off the coast of Belgium Page 1 of 2

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Solar Energy Wind Energy RWE Innogy takes share of C-Power and its 300 MW wind Biofuel farm off the coast of Belgium

Water Power Friday, 08 May 2009 15:32 Waste to Energy

Geothermal Fuel Cells RWE Innogy, the renewable energy arm of Emerging Germany’s RWE, has acquired stakes in Belgian wind Renewables farm developer, C-Power, and its 300-megawatt (MW) offshore wind farm, Thornton Bank, in two separate deals. Green Topics RWE Innogy has just acquired 20.22% of C-Power Green Policies NV from Belgian investment companies, Ecotech Green Business Finance and Socofe. Ecotech Finance and Socofe Practices Green have been involved in C-Power’s Thornton Bank Transportation offshore wind farm since it started development over Energy Efficiency 10 years ago, and will retain a 20% stake in C-Power. Proceeds from the sale will go towards the second Smart Grid The first six units of 5-MW wind turbines installed in Thornton phase of the Thornton Bank wind farm, which already Recycling Bank. Image courtesy of RWE Innogy/ REpower. By J.Oelker. has its first six units of REpower’s 5-MW wind Green Building turbines already installed. Energy Storage Water Technologies RWE Innogy acquired another 6.5% stake in C-Power from minority shareholders, EDF Energies Nouvelles, Nutsbedrijven Houdstermaatschappij, and DEME. Emission Trading Carbon Capture and The Thornton Bank offshore wind farm will have an installed capacity of 300 MW when completed. The project Storage will consist of 60 units of REpower’s 5-MW wind turbines. The pilot phase of six turbines has already been completed, with another four phases due by 2013. It is the first offshore wind project off of Belgium’s coast. The General News wind farm is expected to produce about 1,000 gigawatt-hours (GWh) of electricity a year, enough for about 600,000 people. It will avoid the emission of about 450,000 tons of carbon dioxide (CO2) per year that would Green Business otherwise be generated by a gas-fired power plant. Green Business News Deals & Ventures The Thornton Bank wind farm will benefit from a previously-arranged grid connection and by renewable energy Green Tech News mandates followed by Belgian utilities. Belgian utilities must include renewable energy in their generation mix, and can fill this requirement by purchasing renewable energy certificates from the Thornton Bank wind farm. Green Tech & Science Product Dev't The minimum price for offshore wind certificates in Belgium are €107 per megawatt-hour (MWh) for the first 216 Emerging Technologies MW of generating capacity, and €90 per MWh for capacity exceeding 216 MW.

Features RWE is one of the world leaders in offshore wind energy assets. In the UK, it holds the existing 60-MW North In-Depth Hoyle off the Welsh coast, is constructing the 90-MW Rhyl Flats to be commissioned later this year, and is Green Living developing the Gwynt y Mor offshore wind farm, which will be one of the world’s largest, at 750 MW. RWE Profiles Innogy also holds 50% of the Greater Gabbard offshore wind farm in development off the UK coast, which will have a total capacity of 500 MW. It also has the planned Innogy Nordsee 1 950 MW off the German island of Juist in the North Sea, and the planned 300-MW Tromp Binnen wind farm off the northern coast of the Finance Netherlands. RWE Innogy is currently developing 2,000 MW of offshore wind projects in several sites in the Green Stocks & Netherlands. Markets Americas RWE Innogy is the renewable energy arm of Germany’s second largest power utility, RWE. RWE Innogy has renewable energy projects across Europe in areas such as hydro, biomass, and wind. RWE Innogy also has Europe renewable energy subsidiaries npower and RWE Innogy Cogen. The RWE Group is headquartered in Essen, Asia-Pacific Germany. Africa & Middle East

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Last Updated on Thursday, 20 August 2009 19:57

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