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Scottish offshore wind leasing raises £700 million

18 January 2022

The outcome of Crown Estate Scotland’s ScotWind Leasing application process was announced on January 17, with almost £700 million being paid to the Scottish government by the successful applicants. The offshore wind leasing round was the first in over a decade and the first ever since the management of offshore wind rights were devolved to Scotland.

Image: Crown Estate Scotland
Image: Crown Estate Scotland

Several energy majors submitted bids in 2021 to build around 10 gigawatts of offshore capacity off the coast of Scotland, including floating wind for the first time. In a statement, Crown Estate Scotland said the results, coming just months after Glasgow hosted the global COP26 climate conference, show the huge opportunity that Scotland has to transform its energy market and move towards a net zero economy. 

A total of 17 projects out of 74 submitted applications have been offered option agreements which reserve the rights to specific areas of seabed. The area of seabed covered by the 17 projects is just over 7,000km2. Crown Estate Scotland says that initial indications suggest a multi-billion pound supply chain investment in Scotland.

The successful ScotWind applicants include BP Alternative Energy Investments, SSE Renewables, Shell New Energies, Scottish Power Renewables, and more.

A full list of successful applicants and their project partners can be found by clicking here.

A map of the successful sites can be seen by clicking here.

Simon Hodge, Chief Executive of Crown Estate Scotland, said: “Today’s results are a fantastic vote of confidence in Scotland’s ability to transform our energy sector.  Just a couple of months after hosting COP26, we’ve now taken a major step towards powering our future economy with renewable electricity. 

“In addition to the environmental benefits, this also represents a major investment in the Scottish economy, with around £700m being delivered straight into the public finances and billions of pounds worth of supply chain commitments. The variety and scale of the projects that will progress onto the next stages shows both the remarkable progress of the offshore wind sector, and a clear sign that Scotland is set to be a major hub for the further development of this technology in the years to come.” 

Should any application not progress to signing a full agreement, the next highest scoring application will instead be offered an option. Once these agreements are officially signed, the details of the supply chain commitments made by the applicants as part of their Supply Chain Development Statements will be published, Crown Estate Scotland said.

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