The Crown Estate Supporting progress in Ocean Energy: Helen

The Crown Estate
Supporting progress in Ocean Energy:
Activities to Date & Future Opportunities
Helen Elphick
Contents
1. The Crown Estate:
Introduction
2. Wave & Tidal: Support
to Date
3. Current Leasing
opportunities
The Crown Estate
Introduction to the organisation
The Crown Estate is an independent commercial
business created by Act of Parliament. The
organisation currently comprises four portfolios
Energy
Rural and
Minerals and
Coastal
Central London
Regional retail
and leisure
Infrastructure
Net profit in 2014/15
£285.1 million
Energy,
Minerals &
Infrastructure
Portfolio
Wave and Tidal industry
Support to date
Leasing
Over 50 wave and tidal
current projects leased
to date, covering a
range of types, scales
and geographies.
In September 2015,
launched a new
leasing approach for
wave and tidal current
projects up to 3MW
Started a leasing
process in 2014 to
offer seabed rights for
tidal range projects
Facilitation
Investment
Pentland Firth &
Orkney Waters
Enabling Actions:
- 40 technical studies
initiated
- £5.7m committed
- 19 reports available
First array investments
- £10m invested
- MeyGen phase 1a
in construction
Wave & Tidal Current Agreements in UK
40 agreements (March 16)
8 Managed Test Facilities
5 Demonstration Zones
4 Engineering demo
9 Commercial demo
14 Commercial sites
Agreements in Wales
6 Projects in Wales (Mar ‘16)
2 Demonstration Zones
1 Engineering demo
3 Commercial demo
Wave and Tidal industry
Current Leasing Opportunities
Demo Zones
• Two demonstration
zones in Wales – one
tidal and one wave.
• Leases granted to
Third Party Managers
• Projects up to 30MW
• Approximately 100MW
capacity per zone
• Aim to:
– Share learning
– Attract development and supply chain
– Offer representative locations for technology deployment
Leasing for Projects up to 3MW
Key Features:
• Open window
• Projects up to 3MW
• 25 year lease
• Option Agreement and Lease
• Low capacity & low competition
Areas of Assessment:
• Commitment (business & financial)
• Capability and technical experience
• Health & safety management
• Project details (technology, site
selection, consenting, grid etc)
For More Information
• Download the Ocean Energy
Leasing guidance document
from our website:
www.thecrownestate.co.uk
• Speak to a member of the
TCE team
• Speak to the Demo Zone
Third Party Managers
(Wave Hub & Mentor Mon)
• Or email:
[email protected]
Thank you.
Any Questions?
Helen Elphick
[email protected]