Atlantic Array, offshore wind farm p roposed for the Bristol Channel Zone, has turned out to be nonviable for RWE Innogy, thus the developer has decided to withdraw the proposal.
“RWE Innogy has reviewed the Atlantic Array Project and the Round 3 Bristol Channel Zone. In comparison with other opportunities in the UK offshore wind portfolio, and in light of the significant technical challenges specific to the zone, identified from intensive research, at the current time, it is not viable for RWE to continue with development in the Bristol Channel Zone,” the company explained.
The company got an approval from The Crown Estate to terminate the the agreement for the Bristol Channel Zone, which involves stopping the development of the 1,200MW project and removing RWE’s rights on certain seabed area.
“This is not a decision we have taken lightly, however given the technological challenges and market conditions, now is not the right time for RWE to continue to progress with this project,” commented Paul Cowling, Director of Offshore Wind at RWE Innogy.
He added: “We are very grateful for the support we have received from the many interested parties involved in helping us to develop the Atlantic Array project, however the commercial reality means that in the current market conditions, overcoming the technical challenges within The Bristol Channel Zone would be uneconomic for RWE at this time.”
[mappress]
Press release, November 26, 2013; Image: RWE