The Crown Estate has launched Offshore Wind Leasing Round 4 – the first major offshore wind leasing round in more than a decade.
Announced on 19 September, the new round opens up the potential for at least 7GW of new seabed rights for offshore wind development in England and Wales. The tender process will commence in October 2019 and run until autumn 2020. It is set to include incentives for innovation, with developers having the opportunity to propose hybrid projects, along with the promise of cost-competitive deployment and extended 60-year lease terms.
The Crown Estate noted that round 4 projects are expected to deliver a fourfold increase in operational offshore wind capacity by 2030.
Huub den Rooijen, Director of Energy, Minerals and Infrastructure at the Crown Estate, said: “Leasing Round 4 is the next chapter in this remarkable [net zero] transition, developed and refined through extensive engagement with the market and stakeholders, to deliver an attractive, fair, objective process, which helps to balance a range of interests in the marine environment.”