Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In June 2010, RWE Innogy, Stadtwerke München and Siemens agreed to proceed with the construction of the Gwynt y Môr offshore wind farm off the coast of North Wales. The decision is presented in RWE’s 2010 corporate responsibility report as a key June milestone under the heading “Wind farm joint venture agreed,” stating that the three partners “agree to go ahead with the building of the Gwynt y Môr wind farm off the coast of North Wales.” This marks the point at which the joint venture partners committed to build the project, enabling the large-scale capital investment and subsequent construction activities to move forward. The same report underscores Gwynt y Môr’s strategic importance within RWE’s portfolio, describing it as RWE’s largest single project and noting that, upon completion in 2014, the wind farm’s 160 turbines will provide a total capacity of 576 MW, making it the largest offshore wind farm in the world at that time. Foundations were planned to be laid starting in late 2011, with the installation scheduled to come on stream in 2014. Taken together, these details show that by June 2010 the project partners had not only agreed the joint venture structure but had also taken the decisive build commitment that underpins full-scale implementation of the Gwynt y Môr project.