Siemens delivers turbines for Galloper

Tuesday, 3 November, 2015 - 12:15
here at Westermost Rough – at the wind power plant Galloper off the British coast. (Photo: Siemens)
here at Westermost Rough – at the wind power plant Galloper off the British coast. (Photo: Siemens)

Siemens will supply Galloper offshore wind farm with 56 turbines of its 6 MW class. The 336 MW project is in co-ownership of RWE, UK Green Investment Bank, Macquarie Capital and Siemens Financial Services.

Siemens is to supply, install and commission 56 wind turbines for the Galloper offshore wind farm off the south-east coast of England. The owners of the power plant are RWE, UK Green Investment Bank, Macquarie Capital and Siemens Financial Services (SFS), each with a 25 % stake. Siemens will also be responsible for servicing the wind turbines for a 15-year period. The total investment costs of the Galloper project are 1.5 billion British pounds.

Siemens is due to start installing the 56 SWT-6.0-154 wind turbines in May 2017. The wind power plant is scheduled to be fully operational by March 2018. Prompt completion is necessary so that the offshore project can still qualify for remuneration with ROC (Renewable Obligations Certificates) of the 2.5 round for public tenders.

Siemens Financial Services contributed to securing the Siemens bid by providing 25 % of the total project equity, as well as supporting RWE with development funding in the period up to financial close. “The speed in which we achieved financial close, which included securing debt investments from a club of commercial lenders, is testament to the market’s appetite for well-structured offshore wind investments and its confidence in Siemens’ technical and financial expertise in this sector,” commented Kirk Edelman, Head of Energy Finance at Siemens Financial Services.

The Galloper offshore wind power plant is to be erected around 27 km off the coast of Suffolk. The wind turbines will be constructed on monopiles in water between 27 and 36 m deep. Galloper is an extension of the already on-line Greater Gabbard offshore wind farm, which has a capacity of 504 MW with 140 Siemens turbines.

Katharina Garus / Siemens

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