GM Congratulates Successful Bidders of the ScotWind Leasing Round
Posted by: Global Maritime | Date: February 2, 2022
Crown Estate Scotland has recently announced the results of the ScotWind first leasing round, awarding leases to 17 offshore wind projects. The results demonstrate the huge opportunity that Scotland and the UK has as a whole to transform its energy market, working towards net zero pledges.
The successful parties, selected out of a total of 74 applications, are proposing a variety of fixed foundation and floating offshore projects. A total of just £700m will be paid by the successful applications on option fees and passed to the Scottish Government for public spending, demonstrating a major investment in the Scottish economy. As well as initial indications suggesting a multi-billion pound supply chain investments. The area of seabed covered by the selected 17 projects is just over 7000m square.
This initial leasing round is just the first stage of a long process the successful bidders having to undergo consenting, financing, and planning stages.
Andrew Collins, Country Manager Scotland at Global Maritime, said: “The latest announcement on the ScotWind leasing round is a significant moment in Scotland’s goal to transition to net zero. The potential for 17 new projects brings with it a platform to build upon both the current operational sites, and sites which are in advanced development stages. This should ensure local supply chain revitalisation and security for years to come. Global Maritime has a proven track record and extensive expertise in supporting developers realise such projects through every step of their lifecycle from our local offices based in Aberdeen and Glasgow and we would like to take this opportunity to congratulate all successful bidders and look forward seeing how these projects develop further in the coming weeks”.
Through our local offices in Aberdeen and Glasgow, Global Maritime will continue to play a key role in supporting developers achieve targeted LCOE and we look forward to seeing the landscape of projects take significant steps forward in coming weeks and months.