Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; Toshifumi Watanabe, President, 'J-POWER'), announced the successful completion of turbine commissioning at Triton Knoll Offshore Wind Farm ('Triton Knoll,' shareholder ratio: J-POWER 25%, RWE AG 59%, The Kansai Electric Power Co., Inc. 16%).
The project has reached this milestone on time, overcoming the challenges imposed by the global pandemic. Once fully operational, Triton Knoll will be one of the world's largest offshore windfarms. Full operations are expected in the January to March quarter of 2022, as planned.
Triton Knoll will make an important contribution to the UK's energy system, generating enough electricity to supply around 800,000 homes each year1. The turbine array is located 32 km off the UK's Lincolnshire coast, in the North Sea, and has a total power output of 857,000 kW. Each turbine is 164 meters from blade tip to blade tip, and a single rotation can power a typical home for up to 29 hours. Since first participating in this project, J-POWER has dispatched two engineers to Triton Knoll and has been accumulating knowledge of offshore windfarm construction.
After commissioning, J-POWER will continue to deepen understanding of operations and maintenance through this project. We will fully utilize our experience and knowledge in offshore wind power operations gained at Triton Knoll to further develop renewable energy worldwide. Our goal is to achieve carbon neutrality through power generation by 2050, as set out in J-POWER 'BLUE MISSION 2050,' announced on February 26, 2021.
The CfD is an investment incentive program of the United Kingdom, which will be granted to wind power generators and other low carbon electric power resources. Accredited electricity generators shall execute the CfD agreement with the LCCC (Low Carbon Contracts Company), a CfD management company owned by the British Government, and then, the parties thereto will make settlements for an electricity price based on the difference between the strike price, which is provided under the agreement, and the reference price, which is determined according to wholesale market prices from time to time.