Stranded Assets

STRANDED ASSETS (fron Renewable News)
Scotland has nearly 2GW of consented commercial-scale onshore wind projects without an
immediate route to market.The portfolio includes developments awaiting policy on
support for islands wind, those with long-term grid or aviation constraints, and otherwise shovel-ready schemes simply awaiting clarity on the future shape of the UK wind market.
Developers predicted a number of long-in-the-tooth schemes designed to succeed under the Renewables Obligation will simply not progress. “The lower wind speed sites as a
general rule appear likely to fall by the wayside,” said one source. “Some of the small fry are also not really worth chasing.” Some consented ‘old school’ projects do have a future in the postsubsidy era but will require tweaks to current design. “I think you will see a lot of the previous generation of projects going back into planning in search of taller tips or bigger rotors, and perhaps even enhanced site design,” said the source. Renegotiation of lease deals with landowners may also be necessary to reflect the lower margins required
under the new system. A pool of potential buyers, both stablished and newcomers, is
nevertheless active in the Scottish market and eyeing the potential upside of the stranded portfolio. “There are bargains to be had but there is an obvious element of risk,” said another market source. “It could end up being a very long-term game in some instances.”

More recently approved projects

Project, location MW Developer
Aikengall 3, Lothian/Borders 75.5 CWP
Aultmore, Moray 26 Vattenfall
Beinn an Tuirc, Arygll 36 SPR
Camilty, West Lothian 20.4 PfR
Cloich, Borders 54 PfR
Corlic Hill, Inverclyde 24 Velocita
Craigton, Stirling 21 EDF
Creag Riabhach, Highland 72.6 Shanks/Gray
Crookedstane, Lanark 9.2 Velocita
Crossdykes, D&G 48 Muirhall
Dalquhandy, Lanark 45 Hargreaves
Deuchries, Aberdeenshire 6.9 Force 9
Druim Leathann, Lewis 42 Velocita
Gass, D&G 20 Willowind
Glen Kyllachy, Highland 50 Innogy
Glenmuckloch, D&G 25 Buccleuch/2020
Glen Ullinish, Highland 42 Kilmac
Govals, Angus 4.8 Green Cat
Halsary, Highlands 34 SPR
Kellas, Moray 16 REV
Kenly, Fife 12.3 St Andrews
Kennoxhead, Lanark 64.6 Brookfield
Kirk Hill, Ayrshire 24 ESB
Knockman Hill, D&G 5 Ramsay
Knockshinnoch, Ayrshire 4 REG
Kype Muir 2, Lanark 51 Banks
Larbrax, D&G 20 Brookfield
Lion Hill, Lanark 9.2 Velocita
Meikle Hill, Moray 13.8 Brookfield
Millennium 3, Highland 35 Falck
Mochrum Fell, D&G 24 Falck
Muaitheabhal, Lewis 160 EDF/Amec
Penbreck, Lanark 18 Brookfield
Pogbie 2, East Lothian 4.8 Trusted
Poniel, Lanark 9 Hargreaves
Sanquhar Six, D&G 19.8 CWP
Sorbie, Ayrshire 7.05 Velocita
Stornoway, Lewis 180 EDF/Amec
Stranoch, D&G 72 EDF
Tangy 3, Argyll 34.5 SSE
Twentyshilling, D&G 27 Element
Viking, Shetland 412 SSE/Viking
West Benhar, Lanark 27.2 PfR
Windy Edge, Borders 27

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About Dougal Quixote

Slightly mad. Always believes a cup is half full so continues to tilt at Wind Turbines and the politicians that seem to believe it is their god given right to ruin Scotland for a pot of fool's gold.
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