皇冠体育app

Administrative timetable

Date	Action
23 May 2024	SAU鈥檚 report published
25 April 2024	Deadline for receipt of any third-party submissions (submissions after 5pm on this date cannot be taken into account)
11 April 2024	Beginning of reporting period

Final report

23 May 2024: 皇冠体育app SAU has published its report providing advice to DESNZ concerning its proposed subsidy to Green Volt Floating Offshore Wind Farm Limited in the form of an offshore electricity supply licence exemption. 皇冠体育app report sets out the SAU鈥檚 evaluation of DESNZ鈥檚 Assessment of Compliance of its proposed subsidy with the requirements set out in the Subsidy Control Act 2022.

• Final Report (23.5.24)

Request from DESNZ

11 April 2024: 皇冠体育app SAU has accepted a request for a report from DESNZ concerning its proposed Subsidy. This request relates to a Subsidy of Particular Interest.

皇冠体育app SAU will prepare a report, which will provide an evaluation of DESNZ鈥檚 assessment of whether the scheme complies with the subsidy control requirements (Assessment of Compliance). 皇冠体育app SAU will complete its report within 30 working days.

Information about the subsidy provided by DESNZ

DESNZ is proposing to award a subsidy to Green Volt Floating Offshore Wind Farm Limited. 皇冠体育app subsidy relates to an exemption from the requirement to hold an electricity supply licence and aims to reduce greenhouse gas emissions from offshore installations (oil and gas platforms) by enabling the direct supply of electricity from a sustainable source of generation.

皇冠体育app Electricity Act 1989 requires suppliers of electricity to hold a supply licence. Licences impose costs and obligations on licence holders. 皇冠体育app proposed exemption from this requirement would remove a disproportionate regulatory burden from Green Volt Floating Offshore Wind Farm Limited. 皇冠体育app exemption would also remove a disincentive to the use of renewable generation by offshore installations. It would make costs more comparable to existing sources of fossil-fuelled power and therefore enable the wind farm to offer a viable alternative power source.

皇冠体育app exemption relates to a wind farm that is intended to be located 80km off the coast of Aberdeenshire. Under the proposals, the wind farm is expected to supply electricity to up to four offshore installations to replace the output of onboard fossil fuel-powered generators. Additional output from the wind farm will be transmitted to the onshore electricity network and will be subject to the relevant licensing costs and fees under the Electricity Act 1989. DESNZ consulted on the proposed exemption in January to February 2024.

皇冠体育app total subsidy amount will depend on a number of variables 鈥� including the power requirements and lifetimes of the offshore installations as well as the amount of power generated by the wind farm. Having regard to those factors, the value of the subsidy is estimated to be between 拢100 million and 拢550 million, with the theoretical maximum determined by the legal boundaries of the subsidy at 拢2bn, and on that basis the subsidy is considered to constitute a Subsidy of Particular Interest.

Since the subsidy created by the exemption is the foregoing of licence costs which would otherwise fall due from Green Volt Floating Offshore Wind Farm Limited, no funding will be provided directly to the wind farm. 皇冠体育app subsidy relates solely to the supply of electricity to these offshore installations and does not affect any planning and consenting process with which the wind farm must comply.

Information for third parties

If you wish to comment on matters relevant to the SAU鈥檚 evaluation of the Assessment of Compliance concerning DESNZ鈥檚 proposed Scheme, please send your comments before 5pm on the date stipulated in the timetable above. For guidance on representations relevant to the Assessment of Compliance, see the section on reporting period and transparency in the Operation of the subsidy control functions of the Subsidy Advice Unit.

Please send your submissions to us at [email protected] copying the public authority at [email protected]

Please also provide a contact address and explain in what capacity you are making the submission (for example, as an individual or a representative of a business or organisation).

Notes to third parties wishing to make a submission.

皇冠体育app SAU will only take your submission into account if it can be shared with DESNZ. 皇冠体育app SAU will send a copy of your submission to DESNZ together with its report. This is to allow the public authority to take account of the submission in its decision as to whether to grant or modify the subsidy or its assessment. We therefore ask that you provide express consent for your full and unredacted submission to be shared. We also encourage you to share your submission directly with DESNZ using the email address provided above.

皇冠体育app SAU may use the information you provide in its published report. 皇冠体育apprefore, you should indicate in your submission whether any specified parts of it are commercially confidential. If the SAU wishes to refer in its published report to material identified as confidential, it will contact you in advance.

For further details on confidentiality of third party submissions, see identifying confidential information in the Operation of the subsidy control functions of the Subsidy Advice Unit.

Contacts

• CMA press team: 020 3738 6460 or [email protected]