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28 March 2023


Request:

‘Why zone 14 (winner Northland Power of £3,900,000 with 1,500MW) didn’t hit the option fee cap of £100,000/sq km?’

Response:

ScotWind applicants were required to select an Applicant Valuation per km2 for the seabed they were applying for. The Option Fee was calculated as (Area * Application Valuation).

The options for the Applicant Valuation were:

Applicant Valuation per km2
£2,000
£6,000
£10,000
£20,000
£30,000
£40,000
£50,000
£60,000
£70,000
£80,000
£90,000
£100,000

 

For the area zone 14, the successful applicant provided a valuation of £10,000 per km2 and therefore 390 km2 * £10,000 = £3,900,000.

More information on the ScotWind Leasing round can be found in the Offer Document and Guidance Notes and ScotWind Leasing Offer Document (enclosed).

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