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
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids