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Ørsted has revealed its intention to invest up to £12bn directly with Scottish companies on developing and constructing offshore wind farms in the country over the next ten years.
These proposals are contained in bids submitted to the Crown Estate Scotland through its ScotWind offshore wind leasing round and would provide more than 8.5GW of clean, renewable electricity if Ørsted's bids are successful. The company has entered bids for a total of five projects, two floating wind only bids as part of its joint venture partnership with BlueFloat Energy and Falck Renewables and a further three as Ørsted alone which include a mix of fixed and floating wind technologies. Ørsted plans to develop renewable hydrogen projects in Scotland using some of the electricity from the proposed offshore wind farms.
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