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Hinkley Point: nuclear regulation

Review of consents for major energy infrastructure projects

BP, RWE win big in Round 4

Oil and gas companies have dominated the Crown Estate Round 4 leasing process with massive bids securing options for projects in the Irish and North Seas. BP is the preferred bidder for two 1.5GW sites in the Irish Sea with option fee bids of £154,000 per megawatt per year. The company has paid a deposit on both sites of £231m and said it expects to make four annual payments of £231m on each lease before projects reach a final investment decision. The sites, being developed with EnBW, are expected to be operational in seven years, said the oil major.  The two leases are “highly advantaged”, with strong wind resources and proximity to shore that make them attractive investment opportunities. Their near-shore location, around 30 kilometres off the coast of North West England and North Wales, will allow for lower cost, more reliable transmission infrastructure, said BP. Their shallow water depths of 35-40 metres are also expected to support efficient and cost-effectiv

Energy giant BP could build huge windfarm off coast of North Wales

Energy firm BP could build huge wind farm off North Wales coast

Energy firm BP could build huge wind farm off North Wales coast The Crown Estate has announced six proposed new offshore wind projects - including off the coast of Anglesey and Conwy Sign up to FREE email alerts from NorthWalesLive - Subscribe When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice Energy giant BP could build a giant wind farm off the coast of North Wales.

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