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SSE's Viking Energy Wind Farm to be awarded low-carbon power contract

Thu, 7th Jul 2022 10:12

(Alliance News) - SSE PLC on Thursday said its subsidiary Viking Energy Wind Farm will be awarded low-carbon power contract for 220 megawatts.

The FTSE 100-listed Perth, Scotland-based electricity provider said Viking's success came after a "competitive auction process" in the UK's fourth Contract for Difference allocation round.

SSE Renewables is currently constructing the 443 megawatt Viking project in the Shetlands Islands. The contract just secured is around half of the project's capacity at a strike price of GBP46.39 per megawatt hour for the 2026/27 delivery year.

SSE Renewables Managing Director Stephen Wheeler said: "Viking will be the most productive onshore wind farm in the UK when it enters operation from 2024, and will play a crucial role in decarbonising energy supply in the Shetland Islands as well as in Scotland.

"Through the delivery of onshore wind energy projects such as Viking, SSE Renewables is helping drive the delivery of SSE's Net Zero Acceleration Programme which will see the company double its installed renewable energy capacity to 8GW by 2026 and increase our annual renewable energy output fivefold to over 50TWh by 2031."

SSE said Viking is progressing through construction with over 50% of turbine foundation bases poured. "When complete in 2024, Viking will be the UK's most productive onshore wind farm in terms of annual electricity output," the company noted.

Shares were up 0.5% at 1,706.00 pence each on Thursday morning in London.

By Xindi Wei;

Copyright 2022 Alliance News Limited. All Rights Reserved.

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