Viking statement on Ofgem announcement
Published on October 23rd 2019
Viking Energy notes the update published by Ofgem today, 23 October 2019, setting out its intention to consider a revised needs case for the new transmission link for Shetland. Despite its Viking Wind Farm not being awarded a Contract for Difference in the UK Government’s latest auction for low carbon power, Viking Energy remains committed to progressing the project.
Conditional approval of the Shetland needs case, akin to the approval for the Orkney transmission needs case, would provide the necessary signal for Viking Wind Farm to progress towards a final investment decision.
A timely final decision from Ofgem on Scottish Hydro Electric Power Distribution’s proposed contribution towards the new transmission link for Shetland is also critical to allowing Viking Energy to determine how best to deliver the wind farm.
Viking Wind Farm can harness the excellent wind conditions in Shetland and play a vital role in contributing towards the UK and Scotland’s net zero targets. It would bring vital socio-economic benefits to the islands, opening up much needed and sustainable diversification of the Shetland economy.