Our global pages
Close- Global home
- About us
- Global services/practices
- Industries/sectors
- Our people
- Events/webinars
- News and articles
- Eversheds Sutherland (International) Press Hub
- Eversheds Sutherland (US) Press Hub
- News and articles: choose a location
- Careers
- Careers with Eversheds Sutherland
- Careers: choose a location
ScotWind announcement
- United Kingdom
- Energy and infrastructure - Clean energy
18-01-2022
The much anticipated result of Scotland’s first ScotWind Leasing round in 10 years was announced yesterday. The auction process was extremely competitive with a total of 74 applications from both domestic and international bidders to lease areas of the seabed around Scotland for wind farm developments. 17 of these projects were successful, comprising 10 floating, 6 fixed foundation and 1 mixed technologies which will generate £700million in option fees.
The successful projects extend to approximately 7,000km₂ of the seabed and have a potential combined generating capacity of 25GW which marks a significant step towards electrification and reaching the net zero targets set by Scotland.
Yesterday's announcement represents a major investment in the Scottish green economy, commitment to local delivery of greater proportions of the supply chain, and new jobs for Scottish workers.
The success of floating offshore wind projects, comprising more than half of the total capacity awarded, is particularly notable and is a clear indicator of the remarkable progress that the floating offshore sector (and its supply chain) is making. This result together with recent changes to the CfD process, highlights that floating offshore projects will soon no longer be considered demonstration projects or nascent technology and will play a vital role in our future renewables generation.
Steven Dick, Partner, comments: “The awards announced yesterday are without doubt a huge boost for the renewable economy in Scotland. It will be interesting to see how the existing infrastructure will need to develop to accommodate the projects being realised - delivering a combined capacity of 25GW.”
This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.
- What’s needed to bring a claim for defective cladding?
- Will the new UK Procurement Bill truly transform public procurement?
- Takeover Panel confirms miscellaneous amendments to the Takeover Code
- The Queen’s Speech 2022: legislating in uncertain times
- UK - Navigating the right path: Our Consumer Duty podcast series