Scotland Delays Offshore Wind Tender as Price Expectations Rise


February 12, 2021
Credit:Crown Estate Scotland

Credit:Crown Estate Scotland

Crown Estate Scotland has pushed back the deadline for applicants in its tender for seabed licenses for offshore wind projects after high prices secured in an English and Welsh auction this week, it said.

Scotland’s ScotWind wind leasing tender is its first for a decade and is expected to attract interest from traditional offshore wind developers and oil majors seeking to increase their renewable power portfolios.

An auction of licenses around the Welsh and English coast this week attracted higher prices than many were expecting, with winners including BP and Total.

"The unprecedented outcome ... has, overnight, changed the market dynamics around offshore wind leasing and could have significant implications for offshore wind development in Scotland," Amanda Bryan, Chair of Crown Estate Scotland, said in a statement.

"It is only right that we consider the implications of this new situation."

Deadlines for applications will now be extended beyond the original March 31 date, with a new deadline to be announced after a review of the option structure, Crown Estate Scotland said.

(Reporting by Susanna Twidale; Editing by David Goodman)

No comments

More Popular Posts

About Crude Oil Brokers Ltd

Crude Oil Brokers Ltd is a dedicated global broker and facilitator of crude oil buying and selling. We work directly with crude oil buyers and crude oil sellers worldwide. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the brokering of crude oil and other petroleum products buying and selling.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Brokers, click here ». To learn more about Crude Oil Brokers Ltd, click here

Crude Oil Brokers