Free Trial

UK’s Crown Estate Completes Pre-Qualification of 4.5GW Floating Wind Tender

POWER

The Crown Estate has completed the pre-qualification questionnaire (PQQ) stage of the Celtic Sea Floating Offshore Wind Leasing Round 5, with the results anticipated in early July, according to the company.

  • The PQQ requires potential bidders to show their technical expertise, legal standing and financials before progressing to the other stages.
  • Successful developers who progress beyond the PQQ will move on to the Invitation to Tender Stage 1 (ITT1) – where they will set out their plans for their projects regarding environmental and social impacts. This will open in August.
  • The final stage will start in the spring of 2025, with the lease agreements concluded in the summer of 2025.
  • The tender is for the development of three areas of up to 1.5GW each of capacity in the Celtic Sea.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.