UK Offshore Wind Leasing Round 4
RWE, one of the globally leading companies in offshore wind, has been confirmed as Preferred Bidder for two adjacent offshore wind sites with a total potential capacity of 3,000 megawatts (MW), as part of the UK Offshore Wind Leasing Round 4 by The Crown Estate.
The average price the company was awarded to lease seabed was GBP 82,552 per MW per year, which was the lowest awarded price during the auction. The awarded sites are in the shallow central area of the North Sea known as Dogger Bank, 110 kilometres from the North East coast of England. The sites are close to RWE’s existing offshore wind development project Sofia.
The Crown Estate will now progress with a Plan-Level Habitats Regulations Assessment (HRA) to assess potential impacts on marine life in the preferred seabed area. Subject to a positive outcome, RWE can secure seabed lease agreements with The Crown Estate, which is to be expected for spring 2022
. This will be followed by necessary development and consenting activities in accordance with current UK Government guidelines which will include comprehensive stakeholder consultation. This is followed by participation in Contract for Difference (CfD) auctions, final investment decision and then construction. Depending on the availability of grid connection, the projects could become fully operational at the end of this decade.
The UK plays a key role in RWE’s strategy to grow its renewables portfolio and to become carbon neutral by 2040.
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