The German energy group EnBW has made a positive final investment decision (FID) on the 960 MW He Dreiht offshore wind project located in the German North Sea. The €2.4bn project is developed by EnBW with a 50.1% stake, in partnership with a consortium of Allianz insurance companies, AIP and Norges Bank Investment Management (49.9%) and it has secured €600m in long-term funding from the European Investment Bank (EIB). The project will include 64 Vestas turbines rated 15 MW each and is expected to be commissioned by the end of 2025. EnBW has already signed several long-term power purchase agreements (PPAs) for 335 MW with Fraport, Evonik, Salzgitter and Bosch. He Dreiht was selected in the first German offshore wind tender in 2017 with a zero-cent bid and will be subsidy-free.
By 2025, EnBW aims to reach 4 GW of offshore wind capacity - three offshore wind projects are planned with BP in the Irish Sea and the North Sea off the east coast of Scotland (United Kingdom) - and 1.2 GW of solar capacity.
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