Statkraft delivers certainty for Energy Isles project on Shetland
Energy Isles Limited, the consortium of over 50 mainly Shetland-based companies working together to develop a wind farm in the north of Yell, is delighted to announce Statkraft their new development partner.
The announcement follows the submission of a full planning application for the 29 turbine wind farm earlier this year to Scottish Ministers under Section 36 of the Electricity Act.
The arrival of Statkraft will secure the future of the exciting development and allow the scheme, if approved, to be developed and delivered by 2026.
Director of Energy Isles Derek Jamieson said: “We’ve undertaken a great deal of work on this project over the past five years and, as a consortium made up of primarily small to medium-sized local businesses, we were clear from an early stage that there would come a time when we’d need to bring on board the right development partner to help us take things forward.
“In choosing Statkraft we have found a company that shares our commitment to maximising the benefits of Shetland's emerging new renewable energy sector.
“Statkraft has a great reputation in the green energy sector across the world and has the financial capability to help us deliver the Energy Isles wind farm. They understand the work that has already gone into the project and have the expertise to help us take it to the next stage.”
Statkraft UK Managing Director, David Flood said: “We are delighted to come to an agreement with Energy Isles and this fits perfectly with our onshore wind power strategy”.
"The Energy Isles team has done a great job in getting the scheme to where it is today. We are sure that adding our experience and expertise will allow the development of the wind farm to continue to progress and we look forward to working together.”
Derek Jamieson added: “Over the coming decades onshore wind power has a crucial role to play in helping to meet our climate change targets. By investing in renewable energy solutions, Shetland has the opportunity to continue exporting energy to the wider world, diversifying our economy and creating opportunities for future generations.
“We will continue to provide updates about the progress of the project through our project website (www.energyisles.co.uk) and via the Energy Isles Community Liaison Group.”
NOTES FOR EDITORS:
About Energy Isles
Energy Isles is a consortium of over 50 mainly Shetland-based businesses with a strong desire to ensure that the benefits of Shetland’s emerging new renewable energy sector are retained as far as possible within the isles. The companies in the consortium are from a wide variety of existing sectors, including crofting, farming, fishing, aquaculture, transport, renewables and support services. Several are based in the North Isles.
Current Facts & Stats
- Number of Turbines: 29
- Turbine Tip Height: 200m
- Lifespan of Wind Farm: 30 years
- Location: North Yell
- Energy Generation: 145-200MW
About Statkraft UK
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4000 employees in 17 countries.
In the UK Statkraft develops, owns and operates renewable production facilities and is also involved in the trading and origination of power from its own projects and those of third parties.
Since 2006, Statkraft has invested £1.4 billion in the UK's renewable energy infrastructure and facilitated over 6 GW of new-build renewable energy generation through Power Purchase Agreements (PPAs). With a portfolio now exceeding 10 TWh per year from almost 300 customers, Statkraft is the leading provider of short and long term PPAs in the UK.