(OFF) KOWL 200,000 MWH P/A STARTS OPERATING

The installation of the wind turbines at Kincardine, the world’s largest floating wind farm, has marked the start of the long-term Power Purchase Agreement (PPA) between Statkraft and Kincardine Offshore Windfarm Ltd (KOWL).

The 50 MW Kincardine floating wind farm will provide over 200,000 MWh per year to the Scottish grid, enough to power over 50,000 homes, Statkraft said.

Statkraft will purchase all electrical output from the floating wind project with a guaranteed minimum price per MWh until 2029. 

This long-term route-to-market partnership with Statkraft, which is for 100 per cent of the electricity generated by the project, has been set up with pre-agreed terms for the full duration, reducing the financial risk to its investors - link - Adnan Durakovic - link - more like this - link