The Crown Estate has confirmed today that the timetable for the installation of wave and tidal devices in the Pentland Firth and Orkney Islands area by 2020 remains on schedule
The Crown Estate, which owns the British seabed up to 12nm will formally sign legal agreements by the end of March next year to comply with obligations under European law. The date will ensure that leases for wave and tidal projects are appropriate and as many bidders as possible can obtain lease options.
Bidders that have reached ‘provisional preferred bidder’ status are now able to speak to third parties in order to enable them to progress their projects and scoping activities related to those projects. This will ensure that the overall programme to enable the installation of at least 700MW of wave and tidal capacity by 2020 continues to remain on target.
Earlier this year, The Crown Estate announced that it had received 42 bids for the wave and tidal programme in the Pentland Firth area. With the level of interest exceeding initial expectations, more projects than originally planned are being taken forward to the negotiation phase.
The successful bidders will start their detailed work programme to implement their plans and further announcements are planned as the commercial negotiations are concluded shortly.
According to the British Wind Energy Association the licensing award is expected to deliver 57,000 jobs by 2020.
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