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Charley Rattan's picture
World Hydrogen Leader Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

  • Member since 2019
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  • Apr 3, 2020
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The offshore sector deal in the UK, is astonishingly ambitious and I have been involved from the very outset; Pressure is building on the Crown Estate, the UK’s seabed landlord, to push ahead with its 7GW Round 4 leasing process — its first in ten years — and move quickly to introduce a larger fifth round. However, the coronavirus pandemic has forced the Crown Estate to rejig its timetable for Round 4, which will now commence its final bidding cycles in October.

I'm tracking the sister 'ScotWind' process, which I also fed into at the early stage, and which is due imminently

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Matt Chester's picture
Matt Chester on Apr 3, 2020

However, the coronavirus pandemic has forced the Crown Estate to rejig its timetable for Round 4, which will now commence its final bidding cycles in October.

What type of tangible impact might this have, other than the obvious delay? Will there be some potential bidders that have to drop out because of financial hardship? Will it allow more careful review and adjustment in proposals? 

Charley Rattan's picture
Charley Rattan on Apr 3, 2020

Yes all of the elements you mention are true Matt.  This stage is pretty confidential and we may wait to see what emerges in the announcements later this year. 

These are strategic decisions with end to end project lengths of around 70 years - so it is important to have commitment from the outset.

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