Following a final investment decision for the East Anglia ONE offshore wind farm, ScottishPower Renewables will now progress with development, aiming to put it into operation by 2020.
The project has a capacity of 714MW, enough to power the equivalent of 500,000 homes or the majority of the households in Suffolk and Norfolk.
First of four East coast farms
The project will bring investment to the East Angliaï¿½s local economy, including a ï¿½25m deal with the Port of Lowestoft to be the home of the wind farm for 30-plus years, during construction and operation phases, ScottishPower Renewables said.
East Anglia ONE is the first of four wind farms the company is planning to build off the East coast.
It is claimed to be the most cost efficient offshore wind farm to confirm construction, with the price of ï¿½119 MWh secured after a competitive auction process run by the Government, which is more than 15% lower than other UK offshore wind projects in construction.
The RYA believes that the impact that offshore wind farms have on navigational safety for recreational boating can be minimised provided developers fully address any navigational safety issues of concern.
As such we continue to meet regularly with developers to discuss recreational navigational safety.
The RYA's UK Coastal Atlas of Recreational Boating is also regularly incorporated into developersï¿½ consultations and navigational risk assessments.