UK Energy Company Announces Planned Windmill Farm in Icelandic Waters Skip to content

UK Energy Company Announces Planned Windmill Farm in Icelandic Waters

By Yelena

Photo: Andy Dingley/Wikimedia Commons. Offshore wind turbines in the Irish Sea.

UK company Hecate Independent Power Limited (HIP Atlantic) plans to build wind turbine farms off the coasts of South and East Iceland that would power the UK via sea transmission cables. There are no plans to connect the farms to the Icelandic power grid. The company has yet to contact the Icelandic National Energy Authority, which would need to grant permission for the project.

According to a press release from the company, the wind farms would be completed by 2025. “Crucially, the HIP Atlantic HVDC transmission cables will never connect to the Icelandic transmission system: the high availability wind capacity will be solely connected to the United Kingdom, dispatched by National Grid,” the release states. HIP already operates wind farms in the Irish Sea and North Sea. The Icelandic farms would be located in a different meteorological catchment area in order to be able to supply electricity when the company’s other farms are becalmed.

The initial Icelandic investment for the first 2,000 MW pilot phase of the project is expected to be £2.9 million ($4 million) in 2021 rising to an additional £144 million ($200 million) through 2025. The company expects the project to created up to 500 new jobs located in southern and eastern Iceland for the pilot phase as well as 15,000 jobs in the UK.

The project is carried out by Hecate Wind LLC, a subsidiary of US company Hecate Holdings LLC, a developer of renewable energy projects. HIP is chaired by Sir Tony Baldry, a former British energy minister. There is no precedent of a foreign energy company producing electricity withing Iceland’s economic zone. Jónas Ketilsson, stand-in of the national energy authority, Deputy Director General for Energy, confirmed to Fréttablaðið that the company has yet to contact Iceland’s National Energy Authority, whose permission is required for the project to be realised.

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