Can Scotland Leverage the O&G Sector to Lead the Way in Offshore Wind

Thursday 11 March 2021

Last year, Scotland took a significant step to placing offshore wind at the heart of its energy transition program for years to come. In June 2020, the country launched the first of a series of leasing rounds for offshore wind projects that will seek to award up to 10 GW of capacity over the next decade.

Paving the Way for Wind

The so-called ScotWind Leasing round is expected to bring more than GBP 8 billion (USD 10.2bn/EUR 9bn) of investments in the offshore wind sector and help the country achieve its goal of being net-zero by 2045.

Scotland’s Energy Minister, Paul Wheelhouse, stated: “The launch of ScotWind – the first offshore wind leasing round to be administered in Scotland – is a very important milestone for Crown Estate Scotland and Scottish Ministers, but also marks another pivotal moment for the development of our offshore wind sector and also presents an opportunity to help develop our strategic economic response to the COVID-19 pandemic.”

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