"Scottish Auction For Offshore Windfarm Permits Expected To Raise £860m"

"Crown Estate Scotland hopes amount of electricity generated in Scottish waters will double over next decade"

"Scotland’s largest-ever auction of permits to construct offshore windfarms is expected to raise up to £860m when the results are announced on Monday.

Crown Estate Scotland, which is running the auction, hopes that windfarms with as much as 10 gigawatts of new generating capacity will be built over the next decade, effectively doubling the amount of electricity generated in Scottish waters in a transition which has the potential to create tens of thousands of jobs.

The programme, known as ScotWind, has attracted frenzied interest from domestic and international bidders, and could set new records for values placed on the plots of seabed being leased for turbines."

Julia Kollewe reports for the Guardian January 16, 2022.

Source: Guardian, 01/17/2022