Scotland this week awarded the rights to develop gigantic offshore wind projects with production capacity twice the current UK wind capacity.
The production capacity of the granted licenses can reach approximately 25 gigawatts, distributed between 10 gigawatts of stationary offshore wind turbines and about 15 gigawatts of floating offshore wind turbines.
The Scottish Government has selected 17 projects with a ‘area combined 7,000 square kilometers of 74 bids, to raise the government through these bids on approximately $ 950 million.
These tenders shed light on the furious competition for the development of these gigantic green projects between utility companies on the one hand and European oil companies on the other, which have won a significant share of questlatest auction, bringing BP, Shell and Total Energy to the list of winning alliances for development rights and construction of offshore wind projects in British waters off the Scottish coast.
On the one hand, BP announced that the wind energy produced by the joint venture winner of 2.9 gigawatts will be used to supply and expand its electric vehicle charging network in Scotland as well as producing green hydrogen.
The company confirmed that its new investments in these projects could amount to around 10 billion pounds.
As for the consortium that includes Total Energy, which won a 2 gigawatt project, production is expected to start in 2030 with an investment of over £ 4 billion.
The French company has confirmed that this project is currently its largest renewable energy project in Europe and will help meet the goal of reaching 100 gigawatts of renewable energy by 2030, noting that the project could provide the Fleet center for green hydrogen production from established in the Orkney Islands in northern Scotland.
The development of these projects and their enormous nominal capacities are subject to great difficulties, including but not limited to: the capabilities of existing power grids and the ability to supply the necessary turbines, but the most important challenge will be the development of floating systems. turbine projects, which make up the bulk of the licenses granted, as this technology is still young and will likely need more government support to make it commercially viable.
These are all realistic risks that the Scottish Government has taken into account. His plan does not assume that all of the granted production capacity will be established in first place.
Read More About: Business News