Crown Estate Scotland has confirmed that as part of the Innovation and Targeted Oil & Gas (INTOG) leasing round, seven TOG offshore wind projects now have exclusivity agreements in place
With an agreement in place, the projects can move into the development stage of the world’s first offshore wind leasing round of its type.
The seven TOG projects join the five Innovation projects which secured exclusivity agreements earlier this year, taking to 12 the total number of INTOG projects (from a total of 13 agreements offered earlier this year).
INTOG leasing aims to attract investment in innovative offshore wind projects in Scottish waters, as well as help decarbonise North Sea operations.
The INTOG process allowed developers to apply for seabed rights to develop projects that either reduce emissions from the North Sea oil and gas sector - by supplying renewable electricity directly to oil and gas infrastructure (TOG) - or consist of small-scale (IN) innovative projects of 100 MW or less.
The proposed projects are for up to 449 MW of capacity for IN and up to 5 GW for TOG projects and are expected to present a significant supply chain investment opportunity in Scotland.
With agreements now in place, the successful applicants can continue with offshore wind development work while Marine Scotland’s planning process for the INTOG Sectoral Marine Plan is completed.
Combined, the 12 projects which have secured agreements will pay up to £262M (US$333M) in option fees.
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