Menu Close

Orkney Community Wind Farms – Quanterness and Hoy

Energy & Renewables

Orkney Community Wind Farms – Quanterness and Hoy

QMPF is delighted to announce that it has advised Orkney Islands Council on bids for two of its Orkney Community Wind Farm Project sites into the Contracts for Difference (CfD) round 4 auction. Hoy (28.8 MW) and Quanterness (28.8MW) achieved a Strike Price of £46.39/MWh in what was the largest UK renewable energy auction to date. It is a significant milestone for the projects which are due to be delivered in 2026/27. All the profits from the wind farms will stay within the islands for the benefit of the local community.  

 

Furthermore, the success in the CfD auction supports the needs case for the new interconnector to the Scottish mainland which, if progressed, will open up new opportunities for the future development of significant renewable energy technologies around the islands. 

For further information contact:

Andrew Wilkinson

Partner
+44 (0)131 222 2604

Andrew Dougans

Partner
+44 (0)131 222 2601

DATE

July 2022

SECTOR

Energy & Renewables

TRANSACTION

CfD Allocation Round 4

VALUE

N/A

ROLE

Financial Advisor