BP, EnBW Bid for Scottish Offshore Wind Lease, Promising Billions in Expense


By Adria Calatayud

BP PLC mentioned Monday that it and companion EnBW Energie Baden-Wuerttemberg AG have submitted a bid for a lease area off the east coast of Scotland that could support offshore wind initiatives with ability to make 2.9 gigawatts.

BP claimed a thriving bid would carry multi-billion pound financial commitment into Scottish offshore wind jobs. The corporation claimed its bid seeks to accelerate Scotland’s energy transition, and that it would invest in inexperienced-hydrogen generation and accelerating the growth of the electric-motor vehicle charging community.

Programs for the ScotWind leasing round, the 1st round of offshore-wind leasing in Scottish waters for a 10 years, shut final Friday and a time period of evaluation of the bids will abide by.

The BP-EnBW partnership was named as the preferred bidder for two 60-year leases in the Irish Sea in a U.K. offshore-wind leasing round in February, marking BP’s entry to the British offshore-wind sector with a report bid.

BP executives have since defended that investment decision against accusations of overpaying for the leases, arguing the locale is superior to other offshore wind initiatives.

Write to Adria Calatayud at adria.calatayud@dowjones.com