Bp and EnBW deposited their tender for offshore wind property in the ScotWind subleasing round. The partnership registered for a lease depot off the Scottish coast. The depot can reinforce an offshore wind project with a harnessing capacity of 2.9 gigawatts (GW).
The power of Wind
The main objectives are for using certain investments to develop EV networks, green hydrogen, shipbuilding, and re-skilling. Scotland is estimated to be Bp’s global centre of excellence for offshore wind after the outcome of this project. Moreover, it will also support the heightening of employment in the energy transition and supply chain. The tender is designed to accelerate the entire Scottish power transformation from not only giving clean energy but to utilizing it in new industries.
Bp will make Aberdeen the centre of excellence, reinforcing its developing portfolio of offshore wind attractions across the globe. This again aids Scotland in becoming a global pioneer in the offshore energy sector, constructing upfront sector abilities that are exportable globally.
Dev Sanyal (Executive Vice-president, Bp) said: “This will all take the right skills and abilities. The bid would build on Scotland’s deep experience in offshore oil and gas, equipping its workforce and supply chain with renewable capabilities, including creating apprenticeships and supporting thousands of jobs. All of this is aimed at helping generate community wealth and creating a just transition in which people and communities do not get left behind.”
Bp’s contribution
Bp has a long100 years of glorious history in Scotland. This firm is the trailblazer in the oil and gas sector of the North Sea. An industry that, to date, has offered thousands of jobs and has invested billions in the economy of Scotland.
Earlier this year, Bp in a 50-50 partnership with EnBW also stepped into UK’s offshore wind energy sector. The joint venture mainly focuses on developing and operating the two leases with a combined generating capacity of 3GW in the Irish waters.
Bp also joined hands with Equinor to grow US offshore wind projects, comprising plans to harness a plant with 4.4GW generating potential. Moreover, Bp operates nine wind assets onshore in the US throughout the country line having a total generating potential of 1.7GW.
The core of Bp’s strategy is to spontaneously keep the business growth of renewable energy. Bp targets to achieve 50GW of renewable generating capacity by 2030 from 3.3GW in 2020 via rapid development. The plan is to skyrocket Bp’s per annum carbon investment 10-fold, nearly around $5 billion annually.
Rapidly growing its renewables business is core to Bp’s strategy. By 2030, Bp aims to have developed around 50GW of net renewable generating capacity up from 3.3GW in 2020. The strategy also includes plans to increase Bp’s annual low carbon investment 10-fold, to around $5 billion a year. Furthermore, from 2019 to 2030, oil and gas output will be reduced by almost 40%.