Vattenfall and ScottishPower Renewables Join Forces for Round Three

Two giants of the renewables industry, Vattenfall and ScottishPower Renewables, have entered into partnership to make joint bids in the third round of offshore wind farm development in the UK. Their common goal is to establish 6,000 MW of installed wind power capacity, corresponding to enough clean green energy to power four million homes by 2020.

ScottishPower Renewables, part of the world’s largest wind power operator and developer, Iberdrola Renewables, and Vattenfall, the world’s second largest operator of offshore wind, will jointly participate in the third round of tender bids to develop offshore wind power in the UK.

The partnership will take the form of a consortium combining extensive experience of offshore wind power and the financial strength to ensure a strong renewable energy bid. Applications for the third round of tenders are to be submitted to the UK’s Crown Estate by the beginning of March.

“For us, the partnership offers a better opportunity to achieve our goal of increasing the amount of wind power we produce to a total of 50 TWh by 2030. Great Britain is an important growth market for us and has excellent conditions for wind power,” says Lars G Josefsson, CEO Vattenfall AB.

“Combining the experience and knowledge of Vattenfall and ScottishPower Renewables will create an extremely strong and successful partnership. Round 3 is a very important part of the UK’s renewable aspirations and this consortium has the skills and determination to play a key role in this process.” says Xabier Viteri, Chief Executive of Iberdrola Renewables.

Vattenfall already owns Kentish Flats, a wind farm in the Thames Estuary off Whitstable and recently acquired wind power companies AMEC Wind Energy Ltd and Eclipse Energy UK plc in Great Britain. Vattenfall also owns two of the world’s four largest offshore wind farms, Lillgrund off the south coast of Sweden and Horns Rev in the Danish North Sea. Vattenfall’s strategic focus is “making electricity clean” with the goal of being climate neutral by 2050.

ScottishPower Renewables operates over 550 MW of wind farms across Great Britain and Ireland and is in the process of building the world’s largest onshore wind farm, Whitelee (322 MW) and recently received consent for their first offshore windfarm, West of Duddon Sands (500 MW).

Vattenfall discloses this information pursuant to the Swedish Securities Market Act.

From Vattenfall’s Press Office, telephone: +46 (0)8-739 50 10.

Vattenfall’s vision is to be a leading European energy company. Vattenfall’s main products are electricity and heat. Today, Vattenfall generates electricity, produces heat and supplies energy to several million customers in the Nordic countries and northern Europe. The major customers are industrial plants, energy companies, municipalities, property companies and housing associations. For further information, please see www.vattenfall.com. The media service section, including a picture archive and Vattenfall’s press releases, can be found under News & Comments.