Wind Energy – EnBW
EnBW has decided not to continue the offshore wind projects Mona and Morgan in the UK.
The company has been developing the two projects with a potential total capacity of three gigawatts in the Irish Sea since 2021, together with Jera Nex BP (JNBP). The partners had previously obtained a building permit in record time thanks to their successful project development.
The primary reason for EnBW’s withdrawal is that the two projects did not receive government support through so-called ‘Contracts for Difference’ in the recently completed allocation round of the UK Department of Energy Security and Net Zero.
In combination with other factors beyond its control, this implies that the projects are no longer economically viable as per EnBW’s standards and criteria.
These include increasingly deteriorating conditions such as significant cost increases across the supply chain, higher interest rates and ongoing project implementation risks.
