Categories: Associated British Ports, Lowestoft, NewsPublished On: 30.08.2022221 words1.2 min read

Lowestoft set to benefit from billions of pounds of energy investment

Lowestoft is in a prime position to benefit from the billions of pounds being invested into making East Anglia an energy powerhouse.

Over the last two months, a number of major projects that will see the region generate electricity for millions of homes in the UK have been given significant boosts.

In July, Vattenfall’s Norfolk Boreas Offshore Wind Farm and ScottishPower Renewables’ East Anglia THREE both won their Contracts for Difference (CfD) bids.

Winning these contracts means that they now have government guarantees for a base line price for the electricity generated by the offshore turbines, making the projects more attractive to investors.

Vattenfall said that it is now planning to start construction on its Norfolk Boreas Offshore Wind Farm in the autumn of next year.

When built it is forecasted to generate energy for 1.5m homes and is the first stage of the company’s plan to create a Norfolk Offshore Wind Zone which, when competed, is expected to produce enough renewable electricity to power more than 4 million homes.

The Norfolk Boreas Offshore Wind Farm will be located about 50 miles off the coast of Happisburgh in Norfolk and its construction and ongoing maintenance will create thousands of jobs in the region . . .

. . . continue reading the article on the EDP website here

Lowestoft set to benefit from billions of pounds of energy investment