Overview
- Crown Estate Scotland approved the transfer, giving ScottishPower Renewables sole responsibility for developing the MarramWind floating wind project.
- Shell sold its 50% stake in MarramWind to ScottishPower Renewables and returned the separate CampionWind lease to Crown Estate Scotland.
- MarramWind is planned about 75 km off Aberdeenshire with up to 3 GW of capacity, which project materials say could power more than 3.5 million homes if built.
- ScottishPower Renewables says it will advance MarramWind alongside its MachairWind project and continue engagement with local communities and businesses.
- Shell’s retreat follows its recent exit from the Atlantic Shores U.S. joint venture and comes as cost inflation, high interest rates, and regulatory changes pressure offshore wind economics.