RWE Innogy, Stadtwerke München and Siemens have entered into a joint venture to build the offshore wind farm Gwynt y Môr.
The joint venture will invest over 2M Euro (£1.66M) to create Gwynt y Môr (Welsh for “wind in the sea”) with an installed capacity of 576MW in Liverpool Bay, about 18km off the North Wales coast.
Work will start towards the end of 2011 to erect the first foundations for a total of 160 wind turbines. All permits for the wind farm covering an area of 79km2 have already been obtained. Siemens will supply, install and maintain the wind turbines, and provide the connection to the grid.
RWE Innogy will hold a 60% stake in this joint venture, Stadtwerke München (Munich Municipal Utility) 30% and Siemens 10%.
The wind farm is planned to generate electricity as early as 2013. The project is expected to be completed in 2014. From then onwards it is forecast to generate around 1,950GW hours of electricity annually, enough to supply around 400,000 households.
The site is in a very favourable location because Liverpool Bay is characterised by comparatively shallow water and very high wind speeds.