Airtricity, Fluor Granted 700MW Offshore Wind Rights

Fluor Corporation (NYSE: FLR) announced today that its UK division, Fluor Limited, and Airtricity, the renewable energy division of Scottish and Southern Energy (SSE.L), have been granted an exclusivity award by The Crown Estate to develop an offshore wind farm at Bell Rock off Scotland’s Angus coastline.

The proposed wind farm could have a total capacity of up to 700 megawatts (MW). The site is 10 kilometres from the Angus coastline and covers around 93 square kilometers.

During the next year Fluor and Airtricity plan to work with a
variety of local authorities to undertake site specific consultations
and environmental impact assessments before bringing forward a final
plan for development of the site.

The exclusivity award by The Crown Estate follows an invitation for bids for Scottish Territorial Waters for the development of offshore wind farms and is subject to the satisfactory completion of the Strategic Environmental Assessment for offshore wind announced by the Scottish Government in October 2008.

The Greater Gabbard Offshore Wind Farm Project is the world’s largest offshore development currently under construction. It was developed by a 50:50 joint venture between Fluor and Airtricity.

In May 2008, SSE bought Fluor’s 50% and later sold it to UK’s npower. On-shore construction of the 500 megawatt project in the Thames Estuary began in 2008 and deliver of turbines is expected in 2009 and 2010.

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