Vattenfall to build two new wind farms in the U.K.

Swedish energy company Vattenfall will build two new wind power facilities in the U.K., boosting its renewable energy production. The investment amounts to about $695 million.

The larger of the announced wind farm project is Pen y Cymoedd, located in south Wales, near the Neath Port Talbot and Rhondda Cynon Taf. The 76-turbine wind farm will have a combined capacity of 228 MW, corresponding to the annual electricity need of about 140,000 households.

The investment for Vatttenfall amounts to more than $604 million and the construction of Pen y Cymoedd will commence in 2014. The plant is expected to generate first power by the end of 2016.

Vattenfall hopes to increase its share of renewable energy generation in the U.K. Since entering the U.K. market in late 2008, Vattenfall has invested more than 2 billion in five wind farms onshore and offshore. Among other plants, it currently operates Thanet Wind Farm located off the coast of Kent.

The construction of the 18-turbine Clashindarroch Wind Farm, in Aberdeenshire, Scotland has just started and will be completed in early 2015. The investment amounts to $90 million with a targeted capacity of 36.9 MW, corresponding to the annual electricity need of 22,000 households.

Vattenfall is a Swedish owned energy company with operations in Sweden, Germany, the Netherlands, Denmark, U.K., France and Finland. Vattenfalls vision is to create a strong and diversified European energy portfolio and to be among the leaders in developing an environmentally sustainable energy system.

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