ScottishPower, Shell in £75m offshore wind funding

ScotWind Offshore Wind Leasing Round partners ScottishPower and Shell are set to invest a total of £75 million “to help the supply chain and businesses support the growth of the offshore wind industry in Scotland.”

ScottishPower and Shell were awarded the seabed rights to develop two new floating wind projects through Crown Estate Scotland’s ScotWind Leasing Round at the start of the year — the MarramWind joint venture off the north-east coast of Scotland (3GW) and the CampionWind joint venture off the east coast of Scotland (2GW).

In addition, ScottishPower was awarded the seabed rights for a fixed foundation project off the coast of Islay – MachairWind (2GW).

Collectively, the projects have the potential to create enough clean energy to power almost 8.5 million homes – more than three times the number of homes in Scotland.

Each of the floating projects will benefit from a £25 million supply chain stimulus fund from ScottishPower and Shell, with a £25 million fund linked to MachairWind provided by ScottishPower alone.

The funds – announced at Scottish Renewables’ Offshore Wind Conference in Glasgow – are designed to help create new offshore wind capability in Scotland that would not otherwise be possible.

Mandy Gloyer, New UK Offshore Sites Manager for ScottishPower Renewables, said: “These funds will open up huge opportunities for the supply chain in Scotland as we gear up to lead the development of commercial-scale floating wind and kick start a new global green offshore industry.

“We look forward to working with government, partners, industry and the supply chain to shape the funds and maximise their impact on the Scottish economy, with jobs and investment for local people and businesses across the country.

“This is a really exciting time and a great chance for companies to get involved in delivering a clean energy future.”

Melissa Read, UK Offshore Wind Business Manager, Shell said: “These funds are in addition to direct project investment in supply chain facilities and will directly support the Scottish supply chain.

“This includes businesses keen to make the transition to the renewables sector through investment in infrastructure, facilities that will manufacture and service offshore wind projects and support for companies to innovate and upskill.”

Applications to the funds will open up later in the year. Online supply chain registration portals for all three projects are now live, giving organisations the chance to get involved in working with ScottishPower and Shell to shape the next chapter for the offshore wind industry.

About the Author

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.