Scotland’s offshore wind winners set to cut North Sea carbon emissions | – #Scotlands #offshore #wind #winners #set #cut #North #Sea #carbon #emissions

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LONDON, March 24 (Reuters) – BP ( BP.L ), TotalEnergies and U.K. renewable energy companies are seeking to reduce the sector’s emissions, mainly from North Sea oil and gas. gas is among 13 companies awarded leases for offshore wind development to power its platforms, Crown Estate Scotland said. On Friday.

About 260 million pounds (317.28 million dollars) 13 out of 19 bidders were selected for contracts to start offshore wind development works for an initial investment of Rs.

The biggest investors are Flotation Energy and Cerulean Winds, which are spending around £96m and £138m respectively.

BP’s Alternative Energy Investments initially raised £1,670,917, while TotalEnergies 20Willing to invest £0,000.

The Crown Estate Britain is an independent commercial company that monitors the seabed around

INTOG (Innovation and Purpose Oil and Gas) through a leasing process, it aims to attract investment in innovative offshore wind projects in Scottish waters to help decarbonise North Sea operations.

Crown Estate Scotland said that oil and gas All projects contracted to power their facilities have a maximum capacity of 5 gigawatts (GW) and 500 megawatts (MW) for smaller innovative projects.

Crown Estate Scotland will lease the seabed for these projects for 25 to 50 years.

The UK is the world leader in wind power, generating a record amount of energy in the country in 2022, providing more than 25% of the country’s electricity, according to National Grid.

As Britain’s largest renewable resource, offshore wind could power around 40% of UK homes, the Crown Estate said.

($1 = £0.8189)

Report by Bozorgmehr Sharafedi; Edited by Barbara Lewis

Our standards: Thomson Reuters Trust Principles.

2023-03-24 19:05:27
Source – reuters

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