Centrica Pulling Out Of Wind Farm a Good Thing
By Anne Lewis-Schneider
It has been said that the decision made by Centrica to withdraw their involvement in the North Sea wind farm could be a source of good news. This is according to a leader in the energy sector from East Anglia. It has been entertained that this decision could be beneficial for the area as a whole. The East of England Energy Zone (EEEZ) investment director James Gray has expressed his overall support for the involvement of Danish company DONG Energy Power (UK) who have stepped into the breach with a £50 million investment to take over the reins at the Race Bank Project which is situated 17 miles off the north Norfolk coast area of Blakeney.
Specialising in offshore wind farms, DONG is a well-known company that has the UK as one of its largest areas of interest and their investment in the project is being viewed in a very positive light. It is expected that a lot of the work that comes from the wind farm project will be of benefit to the area. James Gray says that he has already extended a welcoming hand to DONG and opened lines of communication between the two companies. This has been done in the hope that it will bring opportunities to the Norfolk and Suffolk area which has had almost 50 years of experience in the offshore business.
There are three ports in the area that have been used extensively in the past and James Gray hopes that DONG will bring some more business to the area in the near future. He says that Centrica has pulled out of not only the wind farm project but also the nuclear projects at Hinkley Point and Sizewell, and furthermore from a gas storage project at Baird and another that was earmarked for Caythorpe in East Yorkshire.
DONG has invested extensively in the UK and runs four offshore wind projects at Burbo Bank, Walney, Barrow and Gunfleet Sands. They have invested largely in two projects off the East Coast, and are a substantial shareholder in the London Array offshore wind farm which is the largest in the world to date. They are also involved in Skegness and have interests in an installation and pre-assembly plant as well. DONG Energy spokesperson Benj Sykes has said that the Race Bank project fits into the company profile to develop offshore wind in the UK, and are confident that the enterprise will be a great success.
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