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BP, EnBW win in Scottish offshore wind lease round

May 18, 2022
in Investing

FRANKFURT – 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 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.

Tags: Investing

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