Three offshore wind projects offered seabed agreements off Shetland

They are expected to generate 2.8GW of electricity in total – enough to power around two million homes in Scotland

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Three new developments off Shetland are being offered seabed agreements for offshore wind farms as part of the Crown Estate’s Scotwind clearing process.

They are expected to generate 2.8GW of electricity in total – enough to power around two million homes in Scotland.

According to Crown Estate Scotland, the three projects’ initial supply chain commitments indicate an average of £1.2 billion of investment in Scotland per gigawatt of capacity built.

A total of £56 million will be paid by the successful applicants in option fees and passed to the Scottish Government for public spending.

The lead applicants for the projects are Ocean Winds, Mainstream Renewable Power and ESB Asset Development.

Colin Palmer, Director of Marine at Crown Estate Scotland said: “This is a fantastic result for Shetland and for Scotland. These projects have significant potential to really boost Scotland’s progress towards its net zero targets, including in relation to the opportunity around green hydrogen.

“Taking these three into account, the 20 ScotWind projects now total up to 27.6GW with initial supply chain commitments indicating an average of £1.4bn investment in Scotland per gigawatt of capacity built.

“This result is further proof that Scotland is leading globally on offshore wind, deploying new technology and exploiting the potential of hydrogen.”