Machair Wind Offshore Project, UK

Machair Wind Offshore Project is a 2,000MW offshore wind power project. It is planned in North Sea, Scotland, the UK. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2028.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Offshore	2,000	–	2,000	Announced	Scotland, the UK	Royal Dutch Shell; ScottishPower Renewables (UK)

Description

The project is being developed by Royal Dutch Shell and ScottishPower Renewables (UK). These companies also have ownership stakes in the project.

The project is expected to supply enough clean energy to power 2,000,000 households. The project cost is expected to be around $8,975m. The turbines will be mounted on fixed type foundations.

Development Status

The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2028.

About Royal Dutch Shell

Royal Dutch Shell Plc (Shell) is an integrated oil and gas company. The company explores for and produces oil and gas from conventional fields and sources such as tight rock, shale and coal formations. It operates refining and petrochemical complexes across the world. Shell’s product offerings include lubricants, bitumen and liquefied petroleum gas; and petrochemical products such as raw materials for plastics, coatings and detergents. The company is a major producer of biofuel in Brazil. It also has interests in various liquefied natural gas (LNG) and gas to liquids (GTL) projects. The company markets its products directly and indirectly through distributors in Europe, Asia, Oceania, Africa, North America and South America. Shell is headquartered in The Hague, the Netherlands.

About ScottishPower Renewables (UK)

ScottishPower Renewables (UK) Ltd (ScottishPower Renewables), is a subsidiary of Scottish Power Limited. ScottishPower Renewables is engaged in producing renewable wind energy through onshore and offshore wind farms. The company conducts a detailed environmental study in a proposed site before building any farms in order to eliminate viable potential threats to the project. It even serves the people of local communities while the project is taking shape and encourages local companies to serve the project with what they can. The company serves markets of French and Germany with its offshore wind and Scotland, England, Wales, Northern Ireland, and Republic of Ireland with its onshore wind. ScottishPower Renewables is headquartered in Glasgow, United Kingdom.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.