Ørsted has revealed plans to spend £12bn with Scottish firms on offshore wind, in the same week that Ineos confirmed a £1bn hydrogen investment and the UK Government opened a new fund to help high-carbon businesses to decarbonise. Ørsted’s proposals are contained in bids submitted to The Crown Estate Scotland through the ScotWind offshore wind leasing round. The Danish multinational firm has entered bids for five projects which, if approved, would collectively have a capacity of around 8.5GW. The UK Government is notably targeting 40GW of offshore wind capacity by 2030, with the Scottish Government promising to host at least 11GW of this total.
Edie 23rd Sept 2021 read more »