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The UK launched its first large-scale offshore wind farm lease auction scheme within a decade, providing integrated electricity
to more than six million households.
The UK is already the world's largest offshore wind market and plans to generate a third of its electricity through the technology by 2030 as part of
efforts to achieve zero net carbon emissions by 2050.
The so-called fourth lease tender scheme by Crown Estate, the UK's Royal Property Agency, is expected to attract bids from established offshore wind developers and European oil majors, who are under pressure from shareholders to demonstrate how they plan to align their operations with global efforts to reduce emissions
.
Energy giant Shell said in an interview with Reuters earlier this year that it would play an "active role"
in the tender.
The Royal Property Office said in a statement on Thursday that four vast marine areas
will be available to the market.
Combined, these areas have the potential to carry a total of 7-8.
5 GW of power generation
.
The tender round aims to attract up to £20 billion ($25 billion) in funding
.
The tender is expected to begin in October and take about
12 months.
The first rental permit will be issued
in early 2021.
The UK currently has around 9.
3GW of offshore wind operating capacity, with around 8% of the country's electricity coming from offshore wind in 2018
.
It is also home to the world's largest fully operational offshore wind farm: the 659 MW Walney expansion project developed by Orsted, Denmark
.
The UK launched its first large-scale offshore wind farm lease auction scheme within a decade, providing integrated electricity
to more than six million households.
The UK is already the world's largest offshore wind market and plans to generate a third of its electricity through the technology by 2030 as part of
efforts to achieve zero net carbon emissions by 2050.
The so-called fourth lease tender scheme by Crown Estate, the UK's Royal Property Agency, is expected to attract bids from established offshore wind developers and European oil majors, who are under pressure from shareholders to demonstrate how they plan to align their operations with global efforts to reduce emissions
.
Energy giant Shell said in an interview with Reuters earlier this year that it would play an "active role"
in the tender.
The Royal Property Office said in a statement on Thursday that four vast marine areas
will be available to the market.
Combined, these areas have the potential to carry a total of 7-8.
5 GW of power generation
.
The tender round aims to attract up to £20 billion ($25 billion) in funding
.
The tender is expected to begin in October and take about
12 months.
The first rental permit will be issued
in early 2021.
The UK currently has around 9.
3GW of offshore wind operating capacity, with around 8% of the country's electricity coming from offshore wind in 2018
.
It is also home to the world's largest fully operational offshore wind farm: the 659 MW Walney expansion project developed by Orsted, Denmark
.
