The wind farm at Gwynt y Mor of 576 MW will be located on the north coast of Wales. A consortium of three German companies will execute the work: the RWE power (60% of capital), the wind turbine manufacturer Siemens, which acts as a technology partner (10%) and the Munich municipal utility, Stadwerke München (30%) , which will operate as a financial partner-promoter.
RWE intends to begin construction of the park, one of the largest marine world in the end of 2011. The final comissioning is planned for 2014. The total investment in the project, which has the final permits for two years and is estimated at 2,000 million euro. Approximately 63% of this amount (1,200 million) will go to Siemens, which, in addition to supply, install and ground the 160 turbines of 3.6 MW, is also scheduled to be responsible for maintenance services during the first five year life of the plant.
To build the park, RWE has also signed a contract with the Korean shipyard Daewoo to build a specialized vessel, the second calls to this company. The price of each vessel is approximately 100 million euros. The involvement of RWE in this project contrasts with his recent abandonment of a joint venture (with the promoter SeaEnergy Scottish Renewables), which planned to install 905 MW sea.
During the Fair generates, held in Madrid last month, sources confirmed to RWE Renewable Energy goodbye to SeaEnergy was due to the need to reduce the financial risks of its portfolio to focus on marine and projects more immediately viable. Gwynt y Mor occupy an area of 79 square kilometers in Liverpool Bay, about 18 miles of the Welsh coast near its border with England. The facility will contribute to the goal of Wales to supply a third of its electricity with wind power.