Construction News

23/10/2014

RWE Abandon Suffolk Coast Wind Farm

Energy firm RWE has abandoned work on the Galloper wind farm, because of financial difficulties.

The wind farm would have seen 85 turbines constructed 18 miles off the coast of Suffolk, and created hundreds of jobs in the area.

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RWE said they have stopped work after a partner pulled out of the project, leaving them unable to meet finance deadlines in order to secure government approval for a contract.

RWE said: "We are disappointed to announce the decision not to continue with Galloper due to the tight timescales to secure financing whilst achieving accreditation under the Renewable Obligation.

"This results in an unacceptable balance of risk and reward."

(MH/CD)

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