$2.5bn UK offshore Wind farm "Gwynt y Mor" at Wales by German RWE

Post date: Jun 04, 2010 2:40:41 PM

Sea Wind The wind farm will be known as Gwynt y Mor, meaning sea wind in Welsh

Wales Wind park

The German power company RWE and industrial group Siemens unveiled

on Friday a joint venture to build a giant British offshore wind farm worth

more than two billion euros (2.4 billion dollars).

RWE's Innogy unit will own 60 percent of the project, while service provider SWM will take

a stake of 30 percent and Siemens will hold the remaining 10 percent

It is to be sited off the north coast of Wales,

be completed in 2014, and supply 1,950 MW of electricity per year, enough to power 400,000 homes. Siemens is to furnish 160 wind turbines and land connections and maintain the park for the first five years.