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Who Is Forewind?

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Who Is Forewind? Who is Forewind? Forewind is a joint venture consortium comprising four leading international energy companies which have joined forces to bid for Zone Development Agreements as part of The Crown Estate’s third licence round for UK offshore wind farms (Round 3). The four partners are: Scottish and Southern Statoil - a world leading Statkraft - Europe’s RWE npower renewables Energy Plc, one of the offshore oil and gas largest generator of the UK subsidiary of largest energy companies operator renewable energy Pan-European renewable in the UK. energy company RWE Innogy Each of the Forewind partners has a demonstrable long-term strategy and commitment to large-scale renewable energy generation, in particular offshore wind. Round 3 offshore wind Most of The Crown Estate Round 3 Zones are many times larger than any previous wind farm development area anywhere in the world. The zones will require developers with significant resources. Successful bidders for the nine zones will be given exclusive rights to develop wind farms under the terms of a Zone Development Agreement. These development zones will have the potential for the construction of multiple wind farm sites. The realisation of the UK Government’s target of 25GW of offshore wind by 2020 is also heavily dependent on developing solutions to a number of issues such as cumulative impact, grid, consenting processes and supply chain. “ The Crown Estate’s Round 3 offshore wind programme has ambitious targets which will only be achievable with the support and input of strong companies committed to the future of the UK wind industry such as the four partners comprising the Forewind consortium.” Maria McCaffery, CEO, BWEA www.forewind.co.uk | [email protected] Why form a consortium The extraordinary challenges facing Round 3 developers require extraordinary resources and innovative thinking. Forewind brings together the respective knowledge, experience and financial capacity of four leading international energy companies to deliver projects of significant magnitude. Forewind brings together decades of UK and Nordic expertise spanning the offshore wind, North Sea oil and gas and hydro power industries. Forewind draws on exceptional: • Financial strength and stability • Proven track record of offshore project delivery in UK, Ireland, Germany, The Netherlands and Norway • North Sea Health and Safety experience • Offshore wind development commitment • Human resources and organisational capacity • Supply chain strategy • Grid transmission experience Each of the Forewind partners is convinced that only a grouping of a number of financially strong, committed and expert companies can deliver the scale of offshore wind required for the Round 3 zones. The Forewind companies - all leading players in their own right - recognise that by joining forces they have the ability to make a significant contribution to the future of offshore wind energy in the UK. Key facts and Current UK offshore European offshore figures wind portfolio wind portfolio • Combined, the Forewind partners The Forewind partners are individually, The total European portfolio of the have in excess of 15 million UK or as part of a consortium, leading the Forewind partners includes more than customers and account for almost ongoing development, construction and 9.2GW of offshore wind farm projects 30% of the UK’s ROC generation. operation of the Round 2 wind farms sites which is separated into: Greater Gabbard (500MW), Gwynt-y-Môr • Partner employee resource pool of • 6GW in development (750MW) and Sheringham Shoal (315MW) 118,000 people and the Round 1 wind farms North Hoyle • 2.2GW consented • Last financial period, combined: (60MW) and Rhyl Flats (90MW). • 0.9GW under construction • Revenue £97bn The degree of involvement across this • 0.1GW in operation • Net profits £7.5bn portfolio of wind farm projects covers • Total assets £130bn the entire project life cycle – from the • Net assets £34.5bn identification of suitable wind farm sites, completion of EIAs and obtaining the necessary onshore and offshore consents to financial close, engineering, procurement, construction and operation and maintenance. Forewind: 55 Vastern Road, Reading, RWE npower renewables (an RWE Statoil Berkshire, RG1 8BU, UK. Innogy company) www.statoil.com www.forewind.co.uk www.rweinnogy.com Statkraft www.npower-renewables.com Contact: Sue Vincent www.statkraft.com PR & Communications. Scottish and Southern Energy mobile: +44 (0)77 6850 8742 www.scottish-southern.co.uk email: [email protected] www.forewind.co.uk | [email protected].
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