BlackRock participates in ScotWind leasing process

Amscap, that merged with Voltiq in July 2022, advised BlackRock Real Assets on its participation in the NextGen consortium, a group of leading offshore wind companies participating in Crown Estate Scotland’s ScotWind leasing process.

BlackRock’s Global Renewable Power platform (BlackRock) is participating in the NextGen consortium together with Quaybridge Scotland Ltd, Parkwind NV, Maple Power Ltd and Sumitomo Corporation.

The NextGen consortium has submitted bids to Crown Estate Scotland (“CES”) under the ScotWind leasing process, which will grant property rights for the seabed in Scottish waters for the development of the next generation of commercial scale offshore wind projects. CES aims to enable as much as 10 GW of new generating capacity from offshore wind farms off the coast of Scotland over the next decade.

The team advising BlackRock was led by Victoria Peyroutas. She stated: “The Scotwind leasing process is a very exciting opportunity in terms of securing a pipeline of development offshore wind projects. Working closely with the BlackRock team and its broader suite of advisors, we are very pleased to have contributed the team’s early-stage development and structuring expertise to this transaction and with that further demonstrating our leading position as financial advisor in the offshore wind sector.”