Thursday 7 January 2010

Mega offshore wind deals to be announced on Friday

The Crown Estate will annouce the consortiums that will develop 25GW of offishore wind in Round 3 of its licencing regime on Friday.
The Crown Estate, which owns shores a distance of 22.2km off the UK coast, is set to create one of the biggest infrastructure projects for wind energy in the world.
In total, it will allow generators to deliver 25GW of electricity from wind farms off the British coast. These are planned for nine zones around the territorial waters and the Continental Shelf.
The licensing award is expected to generate 57,000 jobs by 2020 with the potential market investment for R3 estimated at £100bn.
Once negotiations are concluded, zone development agreements (ZDAs) will be signed and a development partner in each zone announced.
Once this happens, the Crown Estate says it will work with regional development partnerships to stimulate local construction industries, signalling jobs for potential contractors.

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