The partnership has submitted multiple proposals for new large-scale floating offshore windfarms as part of Crown Estate Scotland’s ScotWind Leasing, which closed for submissions today (16 July).

With decades of experience working offshore, a significant presence in Scotland, and strong innovation capabilities derived from delivering large scale energy infrastructure projects, ScottishPower and Shell together provide the right blend of skills and experience to successfully deliver these exciting projects.

Floating offshore wind, a technology that is poised to scale up, is suitable for use in deeper water zones where fixed foundations aren’t feasible making it ideal for Scottish waters. It will become an increasingly important part of the energy mix in the UK as more and more offshore wind power is brought on to the grid to meet Net Zero targets.

ScottishPower CEO, Keith Anderson, said: “Scotland is the windiest country in Europe and has the biggest and most experienced offshore sector. Bringing ScottishPower and Shell’s collective knowledge, experience and expertise together means we’re perfectly placed to lead the way in developing large-scale offshore floating windfarms and creating a new green industry with massive potential for exporting our skills and experience globally and helping the UK decarbonise its energy generation.

“With just a few months until the COP26 UN Climate Change Summit in Glasgow, ScotWind will help create a whole new industry in floating wind that will play a crucial role in putting the country on course for a cleaner and greener future.”

Shell UK Country Chair, David Bunch said “If our bid is successful, Shell and SPR are fully committed to working with Scottish communities and businesses to help develop supply chains and expertise which could make Scotland a world leader in floating wind. At Shell we continue to grow our capacity to generate, trade and supply cleaner power to our customers and to play our part in powering the UK to net zero.”

ScotWind Leasing is the first round of seabed leasing for offshore wind in Scottish waters in over a decade and will grant property rights for new large-scale offshore wind project development, including floating wind for the first time.

Crown Estate Scotland is expected to announce the results of this round of ScotWind Leasing in early 2022.

Notes to editors:

SPR & Shell have signed a joint bidding agreement for the ScotWind Leasing round. The partners have 70 years’ combined experience offshore in Scotland, with over 50 years’ experience offshore in the North Sea. In addition, the partners have over 15 years of combined experience in Floating Offshore Wind. The combined ScottishPower Renewables/Iberdrola and Shell portfolio includes over 2GW of operational offshore wind, over 11GW of offshore wind in development and additionally over 700 MW of floating wind in various stages of development.

SPR & Shell support the goals of the Paris Agreement and the ambitious targets of Scotland and the UK for net zero emissions by 2045 and 2050 respectively.

ScottishPower Renewables (SPR)

ScottishPower Renewables is part of Iberdrola, a global energy leader, the number-one producer of wind power. Responsible for progressing Iberdrola’s renewable energy projects in the UK, ScottishPower Renewables also manages the development, construction and operation of offshore windfarms throughout the world and currently has over 40 operational windfarm sites generating over 2.5GW of renewable energy.

This includes the UK’s largest onshore windfarm, Whitelee – which became operational in 2009 – and the East Anglia ONE offshore windfarm. EA ONE was completed during lockdown 2020 and is one of the largest offshore windfarms in the world, with the capacity to produce enough clean energy to power the equivalent of more than 630,000 homes every year.

EA ONE provided £30 million investment for new or improved operations, maintenance and port facilities across the East of England and supported almost 3,500 jobs at the peak of construction as well as 100 long-term skilled jobs at its operations and maintenance base over the lifetime of the project. More than half the project’s supply chain was provided by the UK market, with more than £75 million committed to local suppliers. A dedicated skills outreach programme engaged more than 4,200 young people in East Anglia.

ScottishPower is a Principal Partner for the United Nations Climate Change Conference (COP26) to be held in Glasgow in November 2021. It is developing an energy model that will play a significant role towards reaching the UK’s world-leading climate change targets and is investing a total of £10 billion in the clean energy generation and networks infrastructure needed to help the UK decarbonise and reach Net Zero emissions.

Shell

Shell has a long history in Scotland and today employs around 1,350 people in the North East of Scotland (as at January 2021). In 2018, Shell’s activity in Scotland created 11,700 full-time equivalent jobs and generated £775 million gross value added to the Scottish economy. Through investing in the local supply chain Shell has also supported more than 3,000 jobs in the Scottish services sector.

Globally, Shell is building an integrated power business that will provide customers with low-carbon and renewable energy solutions. Shell Renewables and Energy Solutions spans trading, generation and supply. We offer integrated energy solutions including hydrogen, solar, wind and electric vehicle charging at scale, while using nature and technology to capture emissions from hard-to-abate sectors of the energy system.

For more information on our Net-zero emissions customer first strategy visit here. With this approach, we want to contribute to achieving a net-zero world, where society stops adding to the amount of greenhouse gases (GHGs) in the atmosphere. This supports the most ambitious goal to tackle climate change laid out in the Paris Agreement: to limit the rise in average global warming to 1.5°Celsius.

Today, Shell’s business, in step with society, is changing. As well as continuing to supply oil and gas that the world needs, we are working to offer customers more, lower-carbon products, from renewable electricity to hydrogen.

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this release “Shell”, “Shell Group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this release, 16 July 2021. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release.

We may have used certain terms, such as resources, in this release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

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