Fred Olsen Renewables and Vattenfall have today entered into a 50:50 partnership to bid in the upcoming ScotWind offshore wind leasing round in Scotland.
The partners said the joint venture combines the skills and experience of two of Europe’s renewable energy developers, with a strong track record of delivering projects in Scotland and engagement with local supply chains and communities.
ScotWind will include up to 15 areas amounting to 10GW in capacity.
Bids for lease options will be due in July, with an award of option agreements expected in the first quarter of 2022.
Vattenfall head of business area wind Helene Bistrom 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 bill payers.
“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.”
Fred Olsen & Co proprietor Anette Olsen said: “Thirty years ago, our journey in renewables started in Scotland. Today, Fred Olsen related companies employ more than 350 people in Scotland.
“Our focus has always been to create local value, and together with Vattenfall we are confident that we can build on our joint presence in Scotland and deliver offshore wind with considerable local benefits.
“We are very pleased with this partnership, which builds on long standing relations between Vattenfall and Fred Olsen-related companies.
“Through our partnership we will provide opportunities and create maximum value for the Scottish economy, local suppliers and communities.”