The floating wind farm is planned to be built in the NE8 area off the Scottish north-east coast. Credit: BW Ideol.

BayWa Re, Elicio and BW Ideol, as part of the Floating Energy Allyance, have secured the rights to develop a floating wind farm with 960MW of capacity off Scotland’s north-east coast.

The rights were awarded through Crown Estate Scotland’s recent ScotWind leasing round.

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The companies will build the project in the NE8 development area designated in the Scottish Government’s Sectoral Marine Plan for Offshore Wind.

BayWa Re UK managing director Gordon MacDougall said: “The level of competition demonstrates the quality of our submission and the confidence that has been placed in BayWa Re and our partners.

“We now look forward to delivering this exciting project together with our partners.

“It will help to meet Scotland’s net-zero target and put the country at the forefront of the global growth of floating wind while supporting up to 3,900 jobs at the peak of manufacturing and construction.”

BayWa Re said that the Floating Energy Allyance is one of 17 projects selected from a total of 74 applications. 

The award to develop the floating wind farm is intended to further strengthen BayWa Re’s presence in the offshore wind segment.

It comes after the company signed a memorandum of understanding in November last year with Ulsan City in South Korea to develop floating offshore wind projects off the coast of the city.

BayWa Re Offshore Wind commercial director Felipe Cornago said: “Through the implementation of a clear strategy and by building on our trust, reputation and expertise in the renewable energy market, we have been able to meet this ambition.

“A vital element of this strategy has been working with partners to respond directly to the needs, goals and opportunities of local markets and stakeholders.”

Last July, BayWa Re acquired wind energy developer NWind for an undisclosed sum, taking ownership of almost 700MW of capacity and 60 wind projects in the process.