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July 13, 2021updated 20 Jul 2021 2:46pm

Red Rock Power and Eni to jointly bid in ScotWind offshore leasing round

The two companies will also explore options to develop future renewable opportunities in Scotland.

By Umesh Ellichipuram

Scotland-based offshore wind developer Red Rock Power has formed a 50:50 partnership with Italian energy company Eni to make a joint bid in the forthcoming ScotWind offshore leasing round.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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  • Green hydrogen 
  • Predictions for the way forward  
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In their joint bid, the two firms will be supported by transmission firm Transmission Investment, which will offer its extensive expertise in grid infrastructure.

Several global energy companies including TotalEnergies, Macquarie Group’s Green Investment Group and Orsted have shown interest in participating in the ScotWind leasing round.

The Crown Estate Scotland’s ScotWind offshore leasing round will include up to 15 areas amounting to 10GW in capacity.

Around 8,600km2 of seabed are potentially up for development, which will help Scotland meet its net zero emissions target by 2045.

The Crown Estate Scotland has commenced the ScotWind leasing process, with the deadline for receiving applications from offshore wind developers set for 16 July 2021.

Red Rock Power and Eni will combine their wind farm development and offshore expertise to explore future renewable opportunities in Scotland.

Red Rock Power CEO Guy Madgwick said: “Securing a partner to enable us to capitalise on our existing offshore wind development expertise and levelling-up our offshore construction experience ahead of the ScotWind bid was a key priority for us this year.

“Eni brings a wealth of offshore expertise from the oil and gas sector that offers significant value in potential projects moving forward.

“Our priority right now is formulating a competitive proposition which would allow us to expand while maximising opportunities for Scotland’s wind sector and supply chain.”

The future offshore wind projects under the new partnership are expected to maximise local supply chain growth, lead to development and deployment of new technologies, and contribute to decarbonise the North Sea.

Based in Edinburgh, Scotland, Red Rock Power is a developer, owner and operator of renewable energy projects.

Its wind portfolio includes a 25% interest in operational Beatrice offshore wind farm and 50% stake in Inch Cape offshore wind farm development, both located off the coast of Scotland.

Bolstering its renewables portfolio, Eni aims to deliver 60GW installed capacity by 2050.

In December 2020, it acquired a 20% stake in the Dogger Bank Offshore Wind project and owns and operates several renewable projects in and out of Europe.

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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