Forewind
Encyclopedia
Forewind Limited is a consortium
comprising four leading international energy companies - SSE (Scottish and Southern, RWE
, Statoil
and Statkraft
- which joined forces to bid for a Zone Development Agreement as part of The Crown Estate
’s third licence round for UK offshore wind farm
s (Round 3).
On 8 January 2010, following a competitive tender process, The Crown Estate announced that Forewind had been awarded development rights for the largest zone: Dogger Bank
. As development partner for Dogger Bank, Forewind's objective is to achieve consent for an agreed target installed capacity of 9GW of offshore wind farm projects by 2020, however the zone has a potential for up to 13GW. This figure is equivalent to almost 10 percent of the UK’s projected electricity
requirements.
The Dogger Bank zone is 8660 km2 and is located in the North Sea
off the east coast of Yorkshire
, between 125 and 290 kilometres offshore.
Forewind is now underway with the extensive surveys, assessments and planning required for the consent process. The consortium's aim is to secure all the necessary consents for the construction and development of Dogger Bank, up to the point of investment
decisions, the first of which is anticipated around late 2014.
Consortium
A consortium is an association of two or more individuals, companies, organizations or governments with the objective of participating in a common activity or pooling their resources for achieving a common goal....
comprising four leading international energy companies - SSE (Scottish and Southern, RWE
RWE
RWE AG , is a German electric power and natural gas public utility company based in Essen. Through its various subsidiaries, the energy company contributes electricity and gas to more than 20 million electricity customers and 10 million gas customers, principally in Europe...
, Statoil
Statoil
Statoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro...
and Statkraft
Statkraft
Statkraft is a Norwegian state owned electricity company. With a total energy production of 44.9 TWh in 2007, the Statkraft Group is the third largest energy producer in the Nordic region, as well as the largest energy producer based on renewable energy sources in Europe,consisting of 40% of the...
- which joined forces to bid for a Zone Development Agreement as part of The Crown Estate
Crown Estate
In the United Kingdom, the Crown Estate is a property portfolio owned by the Crown. Although still belonging to the monarch and inherent with the accession of the throne, it is no longer the private property of the reigning monarch and cannot be sold by him/her, nor do the revenues from it belong...
’s third licence round for UK offshore wind farm
Wind farm
A wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...
s (Round 3).
On 8 January 2010, following a competitive tender process, The Crown Estate announced that Forewind had been awarded development rights for the largest zone: Dogger Bank
Dogger Bank
Dogger Bank is a large sandbank in a shallow area of the North Sea about off the east coast of England. It extends over approximately , with its dimensions being about long and up to broad. The water depth ranges from 15 to 36 metres , about shallower than the surrounding sea. It is a...
. As development partner for Dogger Bank, Forewind's objective is to achieve consent for an agreed target installed capacity of 9GW of offshore wind farm projects by 2020, however the zone has a potential for up to 13GW. This figure is equivalent to almost 10 percent of the UK’s projected electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
requirements.
The Dogger Bank zone is 8660 km2 and is located in the North Sea
North Sea
In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...
off the east coast of Yorkshire
Yorkshire
Yorkshire is a historic county of northern England and the largest in the United Kingdom. Because of its great size in comparison to other English counties, functions have been increasingly undertaken over time by its subdivisions, which have also been subject to periodic reform...
, between 125 and 290 kilometres offshore.
Forewind is now underway with the extensive surveys, assessments and planning required for the consent process. The consortium's aim is to secure all the necessary consents for the construction and development of Dogger Bank, up to the point of investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
decisions, the first of which is anticipated around late 2014.