November 10, 2008 / 11:07 AM / 11 years ago

UPDATE 1-Vattenfall to build UK's biggest wind farm\

(Adds separate statement on partnership with ScottishPower Renewables)

STOCKHOLM, Nov 10 (Reuters) - Swedish state-owned power group Vattenfall [VATN.UL] had bought the rights to build a wind farm off Britain’s southeastern coast for 35 million pounds ($55 million), it said on Monday.

The Thanet Offshore Wind Farm would be Britain’s largest, with a capacity of 300 megawatts, the company said, adding that the project would cost a total of 780 million pounds.

Vattenfall said it had competed with other energy firms to buy the Thanet project rights from CRC Energy Jersey 1 Ltd.

“The acquisition of Thanet Offshore Wind will make Vattenfall one of the biggest wind power operators in Britain,” the company said.

Separately, Vattenfall said it had joined forces with wind power operator Iberdrola Renewables’ IBR.MC ScottishPower Renewables division to make joint bids in a third round of tenders to develop offshore wind power in Britain.

“Their common goal is to establish 6,000 MW of installed wind power capacity, corresponding to enough clean green energy to power four million homes by 2020,” Vattenfall said in a statement on the ScottishPower initiative.

Applications for the third round of tenders are to be submitted by the beginning of March, it said.

Iberdrola Renewables — or Iberdrola Renovables — is the renewable energy arm of Spanish utility Iberdrola (IBE.MC). (Reporting by Anna Ringstrom, editing by Anthony Barker)

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