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ARTICLE · 05 FEBRUARY 2024

Floating Into 2024

Herbert Smith Freehills Kramer LLP
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The Crown Estate is starting the year with its latest Offshore Wind Leasing Round 5, which relates to floating wind in the Celtic Sea.

United KingdomReal Estate and Construction
Ruth Benfield
Ruth Benfield
Julian Pollock
Julian Pollock
Gabrielle Coppack
Gabrielle Coppack

Crown Estate starts Leasing Round 5 for Celtic Sea Floating Wind

The Crown Estate is starting the year with its latest Offshore Wind Leasing Round 5, which relates to floating wind in the Celtic Sea. The four prior leasing rounds have helped the UK become a world leader for fixed-bottom offshore wind, enabling rapid growth and commercialisation.

Round 5 is said to be a "game changer for the UK's offshore wind industry" (Gus Jaspert, Managing Director of the Crown Estate's Marine business), giving developers the chance to be at the forefront of the delivery of UK floating wind energy at a commercial scale.

Three fixed-boundary Project Development Areas (PDA) have been identified in the Celtic Sea (Project Development Areas | The Crown Estate) and they are expected to give an opportunity to deliver up to 4.5GW of floating offshore wind overall, which is enough to provide renewable energy for more than four million homes.

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