Scotland awards Shetland offshore wind rights
Mainstream Renewable Power, Ocean Winds and ESB pay combined £56mn for option to develop 2.8GW of floating capacity with green hydrogen potential
Government body Crown Estate Scotland has awarded rights to develop three floating offshore wind projects with a total capacity of 2.8GW in a 560km² area off the Shetland Islands, with potential to power green hydrogen production. “The Scottish government sees offshore wind—and the hydrogen production which we hope will be enabled by offshore wind—as one of the most important economic and environmental opportunities we have,” says Scotland’s first minister Nicola Sturgeon. 2.8GW – Total capacity of awarded projects The largest of the three projects is a 1.8GW joint venture between Ireland-based Mainstream Renewable Power and Ocean Winds, for which the two companies paid an option fee
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity