SUBSCRIBE
PROFILE

Vattenfall: Large-scale UK offshore wind project halted

Swedish giant Vattenfall is pulling the plug on development of the Norfolk Boreas offshore wind project in the UK due to rising costs, undermining the UK's renewable energy ambitions. Difficult market conditions, including a stressed supply chain and inadequate tax frameworks, are prompting the Group to reassess its wind power projects in the Norfolk region.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Swedish electricity group Vattenfall is halting development of one of the UK’s largest offshore wind projects because of soaring costs, dealing a blow to the UK’s renewable energy ambitions.

Vattenfall reassesses its Norfolk wind projects following difficult market conditions

“Vattenfall is halting development of the Norfolk Boreas offshore wind project in the UK,” the group said in an earnings release on Thursday.

“Wind power is essential for clean, safe and affordable electricity”, but “conditions are extremely difficult in the sector at the moment”, comments managing director Anna Borg in a statement received by AFP.

It lists “a supply chain under pressure, rising investment costs and tax frameworks that do not reflect current market realities”.

While the Group, one of Europe’s leading wind energy producers, “still believes in the fundamentals of the Norfolk projects”, in the east of England.

“Given market conditions we are halting development of the Norfolk Boreas project and re-evaluating the best course of action for the three projects” in this region, she concludes.

The Swedish group was already facing a difficult 2022, with profits close to zero, and a heavy loss in the last quarter due to major asset write-downs linked to the energy crisis in Europe.

  • Popular on energynews.pro
NNPC launches stake sale in several oil and gas assets
Global wind industry suffers historic downturn in 2025 despite Chinese resilience
Cindrigo finalises acquisition of three geothermal licences backed by federal loan
Fukushima wind power milestone as Kagurayama begins operations
Washington suspends five offshore wind projects on East Coast over security concerns
Ørsted sells 55% stake in Changhua 2 offshore wind farm to Cathay
Ørsted has signed an agreement to divest 55% of its Greater Changhua 2 offshore wind farm to Cathay Life Insurance, valuing the transaction at approximately DKK5bn ($735mn).
UK approves 189 MW extension of Clashindarroch wind farm
Scottish ministers have approved Boralex’s Clashindarroch wind farm extension, which will include up to 21 turbines and a 50 MW storage capacity.
Three new wind farms approved to add 792 MW of capacity in Québec
The Québec government has approved three wind projects totalling 792 MW to meet growing energy demand and support regional economies in Bas-Saint-Laurent and Capitale-Nationale.
ENGIE inaugurates its largest onshore wind farm in Brazil with 846 MW
French group ENGIE has officially commissioned the Serra do Assuruá complex in the State of Bahia, making it its largest onshore wind project worldwide.
RWE and Indiana Michigan Power secure 200 MW deal in Indiana
RWE signed a 15-year power purchase agreement with Indiana Michigan Power for the Prairie Creek project, aimed at supporting Indiana’s growing electricity demand starting in 2028.
EDP signs 322 MW hybrid energy contract with Energa in Poland
EDP has signed a long-term electricity supply agreement with Energa for a 322 MW hybrid portfolio combining wind and solar, marking one of the largest contracts of its kind in Poland.
Ocean Winds launches its first offshore measurement campaign for the High Sea Wind project
Ocean Winds has deployed a LiDAR buoy off Gippsland to collect accurate data on wind and currents, a key step in its 1.3 GW offshore wind project in Australia.
TerraWind strengthens its onshore wind portfolio in Japan with 255MW transferred
TerraWind Renewables acquires five projects totalling 255MW in northern Japan, bringing its onshore wind development capacity to 327MW and targeting first commercial operation in 2028.
EDF, OQAE and Al Khadra to build 120 MW wind farm in Oman
A consortium led by EDF power solutions has signed a 20-year agreement with Nama PWP to develop a 120 MW wind farm in southeastern Oman, with commissioning scheduled for Q3 2027.
Microsoft signs two new wind power purchase agreements with Iberdrola
Microsoft expands its partnership with Iberdrola through two new power purchase agreements in Spain, reinforcing its European energy strategy while deepening the use of cloud and artificial intelligence solutions from the US group.
Vestas secures 828MW contract for wind farm in Brazil
Casa dos Ventos awards Vestas the supply, construction and maintenance of a 184-turbine complex in the state of Piauí, with an investment exceeding $1.01bn.
Poland relaunches offshore tenders with 25-year CfD for 4 GW
Warsaw tests long-term support for offshore wind with a structured tender to maximise competition, reduce financial risk and reassure a supply chain under pressure across Europe.
TotalEnergies sells 50% of a 424 MW portfolio of projects in Greece
TotalEnergies has sold 50% of a portfolio of wind and solar projects in Greece to Asterion Industrial Partners, valued at €508mn ($554mn), while retaining operational control and the main share of electricity marketing.
Italy’s offshore wind sector stalled by regulatory and administrative delays
Italy’s offshore wind rollout remains at a standstill, freezing over 18 GW of pending projects and weakening national renewable energy targets.
Nordex secures 200 MW contract for wind farm in Canada
German manufacturer Nordex has secured an order for 34 turbines for a 200 MW project in the Canadian province of New Brunswick, marking its first entry into this region.
OX2 launches construction of 277 MW onshore wind farms in Finland
OX2 has started construction on three new onshore wind farms in Finland, bringing its total installed capacity in the country to 750 MW, a record level for a private energy sector player.
Enel acquires two onshore wind farms in Germany for €80mn in strategic move
Italian group Enel has acquired two onshore wind farms in Germany for an enterprise value of €80mn ($86.5mn), strengthening its presence in a stable and strategic market as part of a targeted asset transfer.
EDF commissions 140MW San Kraal wind farm in South Africa
EDF power solutions announces commercial operation of the San Kraal wind farm, the first unit of the 420MW Koruson 1 project, with full commissioning expected in early 2026.
Q ENERGY opens the Ventajou wind project to local investment partners
Q ENERGY has announced the entry of three local and citizen-based partners into the capital of the Ventajou wind farm, marking its first strategic equity opening to institutional and community investors.
Norway awards two floating wind zones to Equinor and EDF ahead of final subsidy auction
The Norwegian government has allocated two areas of the Utsira Nord project to the Equinor–Vårgrønn and EDF–Deep Wind Offshore consortia, launching a preparatory phase before a competitive state aid auction.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.