Offshore wind projects worth around £500 million move closer to completion

Three have been invited to move to the next stage of the government’s Strategic Investment Model process.

In a significant milestone for the offshore wind sector, three projects have been invited to move to Stage 2 of the Strategic Investment Model (SIM) process.

Collectively, the projects – which represent a mix of local and inward investment into ports, port infrastructure and manufacturing – have a capital expenditure of around £500m.

The SIM should help to deliver offshore wind supply chain growth in Scotland through collaboration between offshore wind developers, the Scottish Government, enterprise agencies and Crown Estate Scotland.

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Offshore wind projects worth around £500 million move closer to completion – Business Insider