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).
