Facts & Figures
- Located at its nearest point 27KM off the Suffolk Coast
- 56 wind turbines generating up to 336MW
- 6MW Siemens turbines with a maximum blade tip height of 180.5m above LAT
- Two buried subsea export cables approximately 45Km each
- 56 buried subsea array cables linking the turbines to the offshore electricity platforms
- 1 offshore substation
- Annual generation equivalent up to 336,000 average UK households
- Up to 700 jobs created during construction and around 90 long term, east coast jobs during operation.
- 27-36 metres water depth.
Initial onshore ground works completed
Financial Close achieved, new partners announced and onshore construction activity resumes
Offshore construction begins
First export cable installed
Foundation installation commences
Second and final export cable installed
Offshore substation installed
Galloper Wind Farm Limited (GWFL) is a joint equity partnership of 25% each between innogy SE, UK Green Investment Bank, Siemens Financial Services and Macquarie Capital. innogy SE is leading the development and construction of the project on behalf of the project partners. Following Financial Close of the project in October 2015 the project announced the new partnership. GWFL received double recognition from industry analysts following the high profile project partnership and £1.5 billion finance deals, being named as European Power Deal of the Year in Project Finance International (PFI) Yearbook and Top Deal of 2015 by Infranews.
innogy SE is Germany’s leading energy company, with revenue of around €46 billion (2015), more than 40,000 employees and activities in 16 countries across Europe. With its three business segments Grid & Infrastructure, Retail and Renewables, innogy addresses the requirements of a modern, decarbonised, decentralised and digital energy world. Its activities focus on its 23 million customers, and on offering them innovative and sustainable products and services which enable them to use energy more efficiently and improve their quality of life. The key markets are Germany, the United Kingdom, the Netherlands and Belgium, as well as several countries in Central Eastern and South Eastern Europe, especially the Czech Republic, Hungary and Poland. In renewable power generation, the company is also active in other regions, e.g. Spain, Italy and the MENAT region (Middle East and North Africa), with a total capacity of 3.6 gigawatts. As a leader of innovation in future-oriented fields like eMobility, we are represented in the international hot-spots of the technology industry such as Silicon Valley, Tel Aviv and Berlin. We combine the extensive expertise of our energy technicians and engineers with digital technology partners, from start-ups to major corporates. With planned capital investments of around €6.5 billion (2016-2018), we are building the power market of the future and driving forward the transformation of the energy market. innogy SE was formed from the restructuring of the RWE Group and started operations on 1 April 2016. innogy Renewables UK Limited is part of Innogy SE. innogy is number three worldwide in offshore wind (as at March 2016), with an installed capacity of more than 900 megawatts.
Siemens Financial Services
Siemens Financial Services (SFS) provides business-to-business financial solutions. SFS helps facilitate investments, providing commercial finance, project and structured finance with specific asset expertise in the growth fields of electrification, automation and digitalization. Employing more than 3,000 employees worldwide, SFS supports Siemens as well as other companies with their capital needs and acts as an expert manager of financial risks within the Siemens company.
UK Green Investment Bank
UK Green Investment Bank plc (GIB) was launched in November 2012. With £3.8bn of funding from the UK Government, it is the first bank of its kind in the world. It is a “for profit” bank, whose mission is to accelerate the UK’s transition to a greener economy, and to create an enduring institution, operating independently of Government. GIB is wholly owned by HM Government. The Company is not authorised or regulated by the Financial Conduct Authority or the Prudential Regulation Authority. A wholly owned subsidiary UK Green Investment Bank Financial Services Limited, is authorised and regulated by the Financial Conduct Authority.
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 65 office locations in 28 countries and employs more than 14,000 people. Assets under management total approximately €345 billion at 31 March, 2015. Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. Macquarie Capital provides strategic M&A and capital raising advice as well as partnering with clients to provide capital to facilitate transactions through equity co-investment and lending, including working closely with contractors, developers and utilities in the construction of greenfield infrastructure projects. Macquarie Capital has a strong track record of principal investing alongside clients having invested approximately £1.4 billion in 100 deals globally across a range of industries, structures and jurisdictions since 2008.
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