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ScotWind offshore auction raises £700m - Perthshire Chamber of Commerce

ScotWind offshore auction raises £700m

An auction of seabed plots for major offshore wind projects around the Scottish coast has netted £700m.

Seventeen projects covering a total of 7,000km2 have been chosen in the first such leasing round in a decade.

They have a combined potential generating capacity of 25GW - well above the expected auction outcome of 10GW.

The ScotWind leasing auction attracted more than 70 bids from major oil companies, utility firms and investment funds from around the world.
Most of the sites are on the east, north east or northern coast, with just one on the western side of Scotland.

Successful bidders include Scottish Power, which won the seabed rights to develop three new offshore wind farms with a total capacity of 7GW.

They include two new floating projects in conjunction with Shell and one fixed project.

Commenting on the awarding of the latest ScotWind leasing round, Dr Liz Cameron CBE, Chief Executive of the Scottish Chambers of Commerce said: 

“The ScotWind leasing programme is set to be a game changer for Scotland’s businesses and today marks an important step in supporting Scotland’s renewable energy and net-zero ambitions.

“ScotWind has the potential to bring in billions of pounds of investment into the Scottish economy, providing a springboard for recovery from the economic damage of the pandemic, whilst supporting a Just Transmission.

“The Scottish Chambers of Commerce Network looks forward to working with the sector to support their ambitions and ensure Scotland’s businesses, people and economy can all equally benefit from this unique opportunity.”

Read more here 

SCC comment on awarding of the latest ScotWind leasing round

17-01-2022

Commenting on the awarding of the latest ScotWind leasing round, Dr Liz Cameron CBE, Chief Executive of the Scottish Chambers of Commerce said: 

“The ScotWind leasing programme is set to be a game changer for Scotland’s businesses and today marks an important step in supporting Scotland’s renewable energy and net-zero ambitions.

“ScotWind has the potential to bring in billions of pounds of investment into the Scottish economy, providing a springboard for recovery from the economic damage of the pandemic, whilst supporting a Just Transmission.

“As well as significant investment, there will be an unrivalled opportunity to create thousands of new skilled green jobs and to train, retrain and upskill employees from other sectors to support the off-shore renewables industry.

“The beneficial impact of ScotWind projects will be felt right across Scotland’s business community, through increased investment opportunities, improved and strengthened supply chains and giving our energy mix greater resilience.

“The Scottish Chambers of Commerce Network looks forward to working with the sector to support their ambitions and ensure Scotland’s businesses, people and economy can all equally benefit from this unique opportunity.”

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