Manufacturing Biz #2 - Magazine - Page 42
the economic opportunities and benefits
from our offshore wind potential. We are
kick-starting the First Minister’s flagship
commitment of up to £500 million over
five years to anchor Scotland’s offshore
wind supply-chain with investment of £67
million next financial year.“ Moving these
three projects – with a combined capital
value of around £500 million - to the next
stage of the Strategic Investment Model
(SIM) is a significant step.
“Around the globe,
offshore wind faces
challenges in securing
the scale of investment
needed to unlock its full
potential.
SIM is a novel, industry-led approach,
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which supports close collaboration
between industry and the public sector. It
is a model being closely watched by other
sectors and the investment community.”
Joanne Allday, Strategic Business
Development Manager, Port of Cromarty
Firth said “Industry and government
reports in recent years have all concluded
that Scotland needs more port
infrastructure to deliver energy security
and Net Zero through offshore wind. Its
great news that Scotland’s offshore wind
projects see the Cromarty Firth as a prime
location for the build out of offshore wind.
This announcement builds on the region’s
location, capabilities and Green Freeport
success and should increase local
content and jobs. We look forward to the
next stage of the process, to ensure we
optimise this opportunity for Scotland.”
Iain Sinclair, Executive Director, Global
Energy Group said “The vital enabling role
that Scotland’s Ports and Harbours will
play in supporting national net zero and
energy security targets, specifically for
M A N U FA C T U R I N G B I Z M A G A Z I N E | A P R I L 2 0 2 4
offshore wind, is well documented. Being
shortlisted to progress to the second stage
of the SIM process is welcome confirmation
of industry confidence in the Port of Nigg’s
strategic role in the industrialisation
of offshore wind. We look forward to
working collaboratively with SOWEC’s
investor stakeholders, and all of our Ports
and Harbours partners, to deliver the
critical enabling infrastructure required
to accelerate the deployment of offshore
wind in the UK."
SIM Stage 1 projects
38 projects have completed Stage 1 of
the SIM. Each of these projects has a
completed prospectus, and will receive
further information on offshore wind
developer interest over February 2024. 32
of the 38 projects are listed below. Two of
the three initial projects being moved into
Stage 2 are highlighted in bold. A further
six projects have completed Stage 1 but
have asked for details not to be shared
outside of SIM discussions.