ScotWind Leasing Applicants Get Final Technical Update
Crown Estate Scotland has provided applicants to ScotWind Leasing with the updated technical guidance needed to progress their applications.
Applicants now have the technical information and guidance they need to continue their preparations for submitting their proposals.
This follows on from the recent completion of the review of the ScotWind option structure in March, and incorporates the outputs including that the same basic pricing structure for option agreements will remain, with an increase in the fees made payable for option agreements.
The update also includes that applicants must meet 25% of their Supply Chain Development Statement commitments, up from 10%, as well as that provisions will apply to the resale of options awarded.
This will be implemented through a Disposal Premium that will be paid to Crown Estate Scotland if an applicant sells part or all of its interest in a project within three years of signing an option agreement.
The closing date for applications is 16 July 2021.