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France's EDF launches construction of Scottish windfarm

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By Reuters
France's EDF launches construction of Scottish windfarm
FILE PHOTO: A logo of French electric company EDF is seen at an office building in La Defense business district in Courbevoie near Paris, France, October 12, 2019. REUTERS/Regis Duvignau/File Photo   -   Copyright  Regis Duvignau(Reuters)

PARIS (Reuters) – French power group EDF <EDF.PA>, which has faced criticism in Britain over cost over-runs at the Hinkley Point C nuclear project, said it would build a new Scottish windfarm.

State-controlled EDF said it would start construction of the 450 megawatt offshore Neart na Gaoithe windfarm in the North Sea, off the coast of Fife.

The windfarm, in which Irish power firm ESB will take a 50% stake, would be commissioned in 2023.

EDF, which said it had raised $2 billion via the debt markets, said the offshore windfarm would be its largest in Britain to date

Once operational, EDF said the windfarm would generate enough electricity to power more than 375,000 households each year, or 4% of Scotland’s electricity consumption.

(Reporting by Sudip Kar-Gupta; Editing by Jon Boyle)