German energy utility giant EnBW has sold its stake in the 1.5GW Mona offshore wind project in the Irish Sea to its partner JERA Nex BP.
This follows EnBW’s decision to drop the development of the Mona and Morgan offshore wind projects in the UK after failing to receive government support through the AR7 contracts for difference round.
The two projects have been in development in partnership with JERA Nex BP since 2021. The withdrawal from the projects Mona und Morgan by EnBW resulted in an impairment of $1.4bn.
JERA Nex BP will continue with the development of the Mona project, while the two companies decided not to continue with the neighbouring 1.5GW Morgan project.
The two companies will still be working as partners on the development of the Morven project in Scotland.
“Proceeding with the Mona offshore wind farm underscores JERA Nex BP’s plans to support the UK’s energy security and net zero goals. We look forward to continuing our partnership with The Crown Estate, stakeholders and others to bring this nationally significant project to fruition,” JERA Bp Nex stated.
EnBW stated that offshore wind energy remains an important business field for the company as it expands renewable energy capacity. By 2030, the installed output from renewable energies is set to be further expanded from the current figure of approximately 7GW to at least 10 to 11.5GW.
The German firm is currently focusing on completing the construction and commissioning of the 960MW He Dreiht offshore wind farm in the German North Sea this summer. Furthermore, EnBW is developing its 1GW Dreekant project in the German North Sea.
