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Investing

BP, EnBW win in Scottish offshore wind lease round

Published by maria gbaf

Posted on January 18, 2022

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FRANKFURT (Reuters) – BP and EnBW on Monday said they made a successful joint bid for Scottish offshore wind acreage and were planning a 2.9 gigawatt farm that BP previously said could result in 10 billion pounds ($13.7 billion) of total investment.

The two companies, which formed a 50-50 joint venture last year to pursue such projects, said construction for the planned wind farm off the Scottish coast would start around 2026/27.

The Morven offshore wind farm will provide power for more than 3 million households, the companies said.

($1 = 0.7312 pounds)

(Reporting by Christoph Steitz)

The two companies, which formed a 50-50 joint venture last year to pursue such projects, said construction for the planned wind farm off the Scottish coast would start around 2026/27.

The Morven offshore wind farm will provide power for more than 3 million households, the companies said.

($1 = 0.7312 pounds)

(Reporting by Christoph Steitz)