RENEWABLE energy giant Ørsted has announced plans to develop big floating windfarms off Scotland in a move that underlines the appeal of the country to international investors. The Danish company said it plans to bid for offshore acreage in the ScotWind licensing round, which has generated huge interest already. A range of energy sector heavyweights, including BP and Scottish Hydroelectric owner SSE, have said they plan to participate in the landmark round. Launched by Crown Estate Scotland in June last year, ScotWind is the first offshore wind leasing round to cover acreage off the country for a decade. When the round was launched, Crown Estate Scotland held out the prospect it could pave the way to around 10 new commercial windfarms being developed off Scotland and help to unlock £8 billion investment.
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Follow RT on Thanks to zero-carbon promises, wind farms are expected to overtake the number of oil rigs in British waters by 2030.
Oil majors are diversifying their energy production to evolve with the times. Both BP and Total have highlighted strategies for wind energy production in the UK, with BP investing £924 million in the development of two sites.
In 2020, BP announced plans for net-zero carbon emissions by 2050. This ambitious offshore wind project appears to be BP’s way of putting its money where its mouth is. The company is partnering with German firm Energie Baden-Wuerttemberg (EnBW) to develop the sites in the Irish Sea.