Following the UK’s Offshore Wind Leasing Round 5, conducted by The Crown Estate, Equinor is granted exclusive rights to one project development area, with a capacity of up to 1.5GW. The Offshore Wind Leasing Round 5 is the first floating-specific leasing round in the UK.
The UK is a strategic market for Equinor and this seabed lease offers the scalability and timing flexibility we seek and is a long-term option for Equinor’s renewables portfolio. With the area's deeper waters, we believe there is future potential for floating wind to play a role in unlocking the UK’s journey towards net zero.