Innogy and the Sofia Offshore Wind Farm have announced the successful bid for a Contract for Difference (CfD) for the project.
Innogy received news from the Department for Business Energy and Industrial Strategy that they are one of the winning bidders which means that they can now progress the project towards the final investment decision in 2020.
Sofia is the largest project in innogy SE’s current development portfolio with a generating capacity of up to 1.4 GW. Sited on Dogger Bank in the North Sea, Sofia represents a potential investment into the UK’s renewable energy infrastructure of in the region of £3 billion.
This is a substantial economic opportunity for the UK, with potential supply chain benefits, infrastructure and associated jobs and contracts.
By working collaboratively and innovatively with competitive UK suppliers it is expected that Sofia’s UK content will exceed 50% over the life time of the wind farm.
This is especially positive news for the North East which is ideally positioned to benefit from the local economic opportunities. We will also focus on boosting skills and maximising career opportunities for local people, so they are equipped to work with us and across the growing offshore wind sector, now and into the future.
The auction results reflect the offshore wind sector’s enormous cost reduction efforts over the past few years and confirms the pivotal role it will play in meeting the UK’s net zero 2050 commitment and tackling the climate emergency while ensuring the lowest cost to consumers.
The total amount of clean green energy Sofia could generate would be enough to potentially provide almost 1.2 million average UK homes with their annual electricity needs.