Renewable energy developers team up for offshore wind leasing bid in Scotland

Vattenfall and Fred. Olsen Renewables have set up a joint venture to bid in the ScotWind offshore leasing round to deliver the next generation of offshore wind farms

The Big Zero report

Vattenfall and Fred. Olsen Renewables have announced a 50:50 joint venture partnership to bid in a leasing round for offshore wind farms in Scotland.

They intend to collaborate in their bid in Crown Estate Scotland’s ScotWind offshore leasing round to deliver the next generation of Scottish offshore wind farms.

The bid will focus on achieving “maximum value” for the Scottish economy – creating sustainable supply chains in Scotland and helping bring long term economic benefits.

The companies believe their collaboration will maximise the potential the bid can deliver by combining their skills and experience in the renewable energy sector.

Helene Bistrom, Head of Business Area Wind at Vattenfall said: “This joint venture brings together two companies with strong track records in Scotland. We fundamentally understand the importance of developing projects which benefit the local economy and environment while ensuring the best possible value for billpayers.

“Vattenfall’s goal is to enable fossil-free living within one generation, and we are very excited to be working with Fred. Olsen Renewables to bring the best of our experience together to create a strong offer for Scotland.”

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast