RBC to support offshore wind generation projects in the
United Kingdom
RBC Capital Markets has announced that it will support the
development of offshore wind generation projects in the United
Kingdom (UK) in its role as financial adviser to the energy
regulator Ofgem. RBC will advise in the tendering of transmission
licenses for new offshore wind generation projects. According
to the UK Department of Energy and Climate Change, up to 33
gigawatts of offshore wind generation could be constructed
- enough power for about seven million homes.
Offshore wind power will make a major contribution to the
UK's renewable energy targets for 2020. About £12 billion
of investment will be needed for the transmission infrastructure
to carry this energy ashore.
The first tender process will grant licenses for up to nine
wind generation projects with a combined asset value of up
to £1.150 billion, underpinning the UK Government's
commitment to offshore wind and to tackling climate change.
RBC Capital Markets, a leader in the provision of advice
and investment banking services to the global renewables sector,
is acting as financial adviser to Ofgem on all nine projects.
To speak to Lorna Shearin, Managing Director, Power and Utilities,
RBC Capital Markets, please call +44 20 7653 4880.
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