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| A view of the windfarm - and Spurn lighthouse - from Cleethorpes Prom |
THE Humber Gateway windfarm - which is clearly visible from Cleethorpes promenade - could fetch offers in the region of £1-billion if, as reported, it is auctioned off by German energy company RWE.
According to a report in today's edition of The Daily Telegraph, RWE has hired merchant bank Morgan Stanley to invite bids.
If so, this would spark strong interest from infrastructure funds, pension groups and sovereign wealth funds because windfarms generate a reliable and consistent source of cashflow.
The windfarm was officially opened in September, 2015, by Andrea Leadsom MP, Minister of State for Energy and Climate Change.
The previous month its operations and maintenance base in Grimsby was opened by Secretary of State for Communities and Local Government, Eric Pickles MP.
A pontoon provides a berth for three service vessels.
The windfarm's 73 turbines are located in water depth of around 15 metres eight kilometres east of Spurn Point and they cover a total area of approximately 25 square kilometres.
It was developed by another German energy company, E.On - at an estimated cost of £700-million - but changed hands as part of an asset swap.
Historically, the project has supported an apprenticeship project at Grimsby's CATCH training college.
Profits generated have also funded grants to some 37 community groups and charities.
It also part-funded the construction of the Yorkshire Wildlife Trust's visitor centre at Spurn.
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| View for migrating birds as they approach the Spurn peninsula. They are safe so long as they fly above the 73 turbines, but many hundreds annually possibly come a cropper through collision impact (Photo: RWE website) |
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