The Scotwind tender awarded just under 25GW of offshore wind capacity
Oil majors secure Scottish offshore wind rights
BP, Shell and TotalEnergies buy options to develop large-scale fixed and floating projects offered in Scotwind tender round
European oil majors BP, Shell and TotalEnergies have each potentially bolstered their positions in the UK’s offshore wind sector by successfully bidding for the rights to develop several large-scale projects off Scotland. Crown Estate Scotland has awarded options to develop 17 projects totalling just under 25GW of capacity in its Scotwind tender—its first offshore leasing round for more than a decade. Developers paid a total of just under £700mn ($955mn) for the project rights, which cover both fixed-bottom and floating technologies. The tender represents the first large-scale auction of floating projects, potentially positioning Scotland as a world leader in a technology suited to deepwater
Also in this section
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
