If they don't win the bid for the 3gw mona Morgan site, this market returns NA.
BP is exploring bidding on this UK offshore windfarm site, and they say they are considering bidding outside the usual grid supported route and instead focus on keeping generation for their own chain of car charging stations. This may represent a maturing market in windfarm procurement that flexibility is now better than tiny subsidies.
A cynical view is that BP would buy the site and treat it as an asset in the landbank, while delaying the farm. Normally from bid to operation is about 6-8years. Will BP drag it's heels?
1,000
3.00Update via LinkedIn:
>no, you've misunderstood the process. They've already bid and won the agreement to lease the site. They're now progressing the site to a Development Consent Order application. They will then need to decide on a route for selling their electricity, normally via a CFD. This will all then go in to a Final Investment Decision before construction starts. They may scrap the project but they'd lose hundreds of millions doing so or could sell the rights to the site at some point, which is more likely. Getting the AfL and then holding the site out of spite would be ridiculous.