European renewable energy company Source Galileo has signed a non-exclusive memorandum of understanding with Portland Port to maximise opportunities for offshore wind development off the Dorset coast.
Portland Port has a history of servicing the offshore wind sector and is in discussions with potential partners to enable and support the future construction and operation of offshore wind developments in the English Channel.
With significant deepwater berths and quayside space, the port has the capacity and capability to host construction and operational headquarters as well as support accommodation and transport solutions.
Source Galileo has an established track record of developing 10GW of offshore wind-to-electricity and wind-to-hydrogen projects off the coasts of Europe.
Its portfolio includes the PortWind project, a proposed offshore wind farm located off the Dorset Coast. Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, has a 20% stake in Source Galileo’s UK offshore wind projects which includes the PortWind project.
The project has a target installed capacity of around 2GW with the potential to deliver enough renewable energy to help power over 3m households annually. The project has secured a 2.5GW grid connection into the Chickerell 400kV substation, near Weymouth, which includes provision for a 350MW battery energy storage system.
“It is still early days for the PortWind project, but this MoU shows the direction of travel and supports our Green Energy Island aspiration for Portland to become a leading renewable energy hub on the south coast,” said Ian McQuade, general manager of commercial operations at Portland Port.
Energy News Beat