Irish state-owned utility Electricity Supply Board (ESB) is looking to buy a 50% holding in EDF's Scottish offshore wind project Neart na Gaoithe. The 450 MW facility was acquired by the French firm in 2018 for an undisclosed figure with the intention of opening it up to other investors. The £1.8bn ($2.3bn) It’s due to be commissioned in 2023, the French state-controlled utility has said. development will provide power for 375,000 homes once it's commissioned in 2023. A new report from renewable energy group RWE suggests that the sector faces increasing returns pressure on its return on equity (ROE) and could be forced into administration.
Irish state-owned utility Electricity Supply Board (ESB) is looking to buy a 50% holding in EDF's Scottish offshore wind project Neart na Gaoithe. The 450 MW facility was acquired by the French firm in 2018 for an undisclosed figure with the intention of opening it up to other investors. The £1.8bn ($2.3bn) development will provide power for 375,000 homes once it's commissioned in 2023. A new report from renewable energy group RWE suggests that the sector faces increasing returns pressure on its return on equity (ROE) and could be forced into administration.