Applicants Lock in for ScotWind Leasing
Posted on 01/17/2022
Crown Estate Scotland disclosed the outcome of its application process for ScotWind Leasing, the first Scottish offshore wind leasing round in over a decade and the first ever since the management of offshore wind rights were devolved to Scotland. The results coming just months after Glasgow hosted the global COP26 climate conference show the huge opportunity that Scotland has to transform its energy market and move towards a net zero economy. 17 projects have been selected out of a total of 74 applications, and have now been offered option agreements which reserve the rights to specific areas of seabed. A total of just under £700 million will be paid by the successful applicants in option fees and passed to the Scottish Government for public spending.
| Map reference | Lead applicant | Option Fees | Technology | Total capacity (MW) |
|---|---|---|---|---|
| 1 | BP Alternative Energy Investments | £85,900,000 | Fixed | 2,907 |
| 2 | SSE Renewables | £85,900,000 | Floating | 2,610 |
| 3 | Falck Renewables | £28,000,000 | Floating | 1,200 |
| 4 | Shell New Energies | £86,000,000 | Floating | 2,000 |
| 5 | Vattenfall | £20,000,000 | Floating | 798 |
| 6 | DEME | £18,700,000 | Fixed | 1,008 |
| 7 | DEME | £20,000,000 | Floating | 1,008 |
| 8 | Falck Renewables | £25,600,000 | Floating | 1,000 |
| 9 | Ocean Winds | £42,900,000 | Fixed | 1,000 |
| 10 | Falck Renewables | £13,400,000 | Floating | 500 |
| 11 | Scottish Power Renewables | £68,400,000 | Floating | 3,000 |
| 12 | BayWa | £33,000,000 | Floating | 960 |
| 13 | Offshore Wind Power | £65,700,000 | Fixed | 2,000 |
| 14 | Northland Power | £3,900,000 | Floating | 1,500 |
| 15 | Magnora | £10,300,000 | Mixed | 495 |
| 16 | Northland Power | £16,100,000 | Fixed | 840 |
| 17 | Scottish Power Renewables | £75,400,000 | Fixed | 2,000 |
| Totals | £699,200,000 | 24,826 |
Crown Estate Scotland is the public corporation of the Scottish Government responsible for the management of land and property in Scotland owned by the monarch in right of the Crown. It is responsible for a range of rural, coastal and marine assets which are held ‘in right of the Crown’. Crown Estate Scotland’s main income source is from leases on the property, which is mostly in sectors such as offshore renewables, farming, tourism and aquaculture. The corporation is one of the largest property managers in Scotland, managing assets worth £385.8 million. A bill based on the Smith Commission’s recommendations became law as the Scotland Act 2016 in March 2016. This made provision for the devolution for the management and revenues of Crown Estate assets in Scotland. Crown Estate Scotland was established by The Crown Estate Scotland (Interim Management) Order 2017. Under The Crown Estate Transfer Scheme 2017, the existing functions of the Crown Estate Commissioners and the rights and liabilities set out in the transfer scheme transferred from the Crown Estate Commissioners to Crown Estate Scotland on 1 April 2017.
