Crown Estate announces new leasing for small scale wave and tidal sites

by Search Gate staff. Published Mon 14 Sep 2015 11:06
New waters opened up to help develop marine energy
New waters opened up to help develop marine energy

The Crown Estate has announced a new programme of offshore leasing for small scale wave and tidal current test and demonstration projects under 3MW.

The new leasing will open from 21st September 2015 and has been introduced following feedback from industry that further opportunities for some technology types are required. This need has been identified where the existing test and demonstration sites or zones are not fulfilling specific site conditions of a particular technology type or where there is a local development opportunity at a small scale.

The new leasing has been designed with greater flexibility so that developers can make an application when they are ready, rather than in a specific timeframe. This is to help better align the progress of the technology, project development and financing.

Sian Wilson, Technology Manager at The Crown Estate, said: “We recognise that as the wave and tidal current industries evolve, we need to continue to listen to our customers if we are to keep up to date with the developing market and maximise the value of our contribution.

“With the introduction of new leasing for small scale test and demonstration, we hope to support the industry in making the step up to larger commercial scale array deployment and unlock value over the long term.”

To date, The Crown Estate has leased over 40 sites for wave and tidal current projects, which includes a number of test and demonstration sites and zones to enable industry to develop the technology. In 2014, locally based organisations were awarded rights to manage and sub-let parts of the seabed for the first time.

The Crown Estate takes an active approach to managing the seabed to unlock value from this natural asset, including through supporting the offshore renewables industry. It invests in activities such as technical surveys and commissioning of reports, through to bringing industry together to share knowledge and best practice. This is part of The Crown Estate’s approach to active asset management and long term investment.




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