Crown Estate Scotland gets 74 ScotWind bids

Crown Estate Scotland announced that the process to secure seabed for Scotland’s next generation of offshore wind farms has attracted 74 applications.

Analysts have estimated the auction could bring in up to £860 million for the Scottish Government.

“Launched in June 2020, Scotwind Leasing has the potential to deliver enough green electricity to power every home in Scotland and help the country take a major stride towards net zero,” said Crown Estate Scotland.

“It is also set to deliver major investment into Scotland’s economy.

“Crown Estate Scotland today confirmed that 74 applications have been received from developers looking for the rights to build projects across the 15 areas of seabed available for development through the Scottish Government’s Sectoral Marine Plan for Offshore Wind Energy.”

The timeline for the next steps in the process have been confirmed.

“This includes a target of making initial offers for the first option agreements to successful applicants in January 2022, with those agreements then finalised following that,” said Crown Estate Scotland.

“Developers will then move forward with their detailed plans and start work on various types of activities that can progress their projects.

“Crown Estate Scotland grants full seabed leases only once developers have all the necessary consents and planning permissions from the Scottish Government and other bodies.”

Colin Palmer, Director of Marine for Crown Estate Scotland, said: “The high number of applications from developers shows just how much potential Scotland’s seas hold for the future expansion of offshore wind.

“There is now a huge amount of work to do in assessing every application thoroughly and fairly so that the strongest projects go through to the next stage in helping to power Scotland’s energy sector towards a net zero future.”

Crown Estate Scotland has now begun assessing each application against the criteria laid out to applicants.

Option fees will then be paid by successful applicants to Crown Estate Scotland in exchange for securing the rights to areas of seabed.

The maximum amount payable will be £100,000 per km2 of seabed.

Revenue profit from the leasing will be returned to the Scottish Government for public spending.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.