- Mar 24, 2021 5:23 pm GMT
Already over two years late, this ten-fold option fee increase for ScotWind is only likely to further antagonise key industry players.
Crown Estate Scotland sets max payment at £100,000 per square kilometre Crown Estate Scotland’s updated option structure has now been finalised. ScotWind Leasing will keep the same basic pricing structure for option agreements, but the previous maximum fee that might be paid, which was £10,000 (US$13,700) per km2 of seabed has been increased to a maximum of £100,000 per km2.
The threshold of Supply Chain Development Statement commitments that applicants must meet to request a lease has been increased from 10% to 25%. Further change of control provisions will apply to resale of options awarded.
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