Vattenfall and Peel Ports negotiate to secure deal for offshore operations

Vattenfall is in discussions with Peel Ports to invest in the port at Great Yarmouth with a potential 100+ jobs on offer.
Vattenfall and Peel Ports negotiate to secure deal for offshore operations

Vattenfall is the developer of two of the world’s largest offshore wind farms off the Norfolk coast. The Swedish energy group is keen to locate its operations base for Norfolk Vanguard and Norfolk Boreas at the port. It estimates the investment in the port alone could secure up to 150 highly-skilled, long term wind farm technician jobs, based in Norfolk. Vattenfall and port owner Peel Ports recently signed a Memorandum of Understanding (MoU) to continue negotiations on an exclusive basis.

“We have found Peel Ports to be immensely helpful since we launched Norfolk Vanguard in 2016 and so we’re confident we will secure the right location at Peel Ports Great Yarmouth” said Ruari Lean, Vattenfall’s Project Manager for Norfolk Vanguard. “That’s why we have cemented that relationship by agreeing an MoU last week. It’s clear to me that offshore wind promises real economic benefit to Norfolk. If we get permission to build both Norfolk Vanguard and Norfolk Boreas, our investment can only do good for the region and continue to put Great Yarmouth at the centre of one of the UK’s fastest growing industries.”

Richard Goffin, Port Director, Peel Ports Great Yarmouth, added that since falling under the ownership of Peel Ports in 2015, the company has made a number of investments to maximise the ports potential as one of the company’s strategic assets. As well as its existing capabilities in bulk handling and storage, the port is ideally located for decommissioning and other diversified activities. Vattenfall’s ambitions dovetail perfectly with the company’s own vision for commercial ventures at the port, with the aim of bringing new jobs and business opportunities to the area.

Vattenfall launched Norfolk Vanguard, a 1.8 GW offshore wind farm proposal, in March 2016. Its sister project Norfolk Boreas, also 1.8 GW, came forward in early 2017. The Swedish energy group sees the development of wind power as key to realising its vision of being fossil-fuel free in one generation.

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