Offshore electricity - 'Round 3' documentation
The Government is targeting 14 GW of offshore wind by 2020. An important step in achieving this target will be the speedy completion of the Crown Estate's third round of offshore windfarm leasing (Round 3).
The Crown Estate recently made the Round 3 documentation available to the 96 parties who expressed an interest in Round 3. These parties now have the opportunity to submit responses to the Crown Estate's invitation to negotiate – the opportunity to submit a bid in respect of each of the nine renewable energy zones.
The bids must be submitted by March 2009. If parties wish to form a consortium in order to submit a joint bid for a zone, they must register the consortium with the Crown Estate by February 2009.
Wragge & Co experts provide an analysis of the Round 3 proposals.
Please contact us if you would like further information about how we can assist in relation to the Round 3 process.
This alert may contain information of general interest about current legal issues, but does not give legal advice.