The Crown Estate is to hold an event on 18 July 2019 offering an update on the outcome of its tender design work for the UK’s next round of offshore windfarms
The Crown Estate is to hold a market update event on 18 July 2019, offering potential market participants the opportunity to hear an update on the outcome of its tender design work for the UK’s next round of offshore windfarms.
On the day, The Crown Estate will present an overview of its final tender design, including the updated tender process, bidding rules and commercial assessment mechanism – all of which have been further refined since April’s webinar, in light of feedback from market and stakeholders.
A final announcement on regions refinement – that is, the areas of seabed to be made available to market as part of Leasing Round 4 – will be made later this year, at the point of launch. In April, it confirmed that, to allow sufficient time for these activities, the Round 4 launch will not take place until Q3 2019.
Following launch, The Crown Estate will also host a Bidders Information Day to provide potential market participants with a comprehensive overview of the final end-to-end process, including detailed instructions and supporting information for each stage – ensuring market participants have sufficient time and information to finalise their bidding strategy ahead of invitation to tender.
The July event is specifically aimed at potential leasing process participants, including those who have taken part in previous engagement about the tender design of Leasing Round 4.
In November 2018, The Crown Estate published detail of plans for its next round of offshore windfarms – including proposed locations to be offered for new seabed rights – and said 7 GW, rather than 6 GW could now be developed.