Investing
BP, EnBW win in Scottish offshore wind lease round
Published by maria gbaf
Posted on January 18, 2022
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on January 18, 2022
1 min readLast updated: January 28, 2026
BP and EnBW have won a lease for a 2.9 GW offshore wind farm in Scotland, expected to power 3 million homes and involve a £10 billion investment.
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 article discusses BP and EnBW's successful bid for a Scottish offshore wind lease, planning a 2.9 GW farm.
The planned Morven offshore wind farm will have a capacity of 2.9 gigawatts.
Construction for the wind farm is expected to start around 2026/27.
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