Fid Financial Close

The MarramWind offshore wind project, developed as a 50/50 joint venture between ScottishPower Renewables and Shell New Energies UK, has set out a development roadmap in which the Final Investment Decision (FID) is the key end-point of the pre-construction phase. In the project’s timeline, FID appears as the final milestone following bid submission, site awards, scoping, consent application and award, grid offer acceptance, CfD award, and delivery of a Supply Chain Plan. The slide deck specifies that the “estimated program to FID” runs between 2021 and 2027, and that this window remains subject to ongoing review, underlining that the schedule is indicative and may change as development progresses. This positions FID, and associated financial close, as a target outcome by the latter part of this period rather than a milestone already achieved. The same material emphasises the project’s wider economic context, with MarramWind and its sister project CampionWind collectively committed—through their Supply Chain Development Statements—to investing over £7 billion in Scotland, plus an additional £50 million Offshore Wind Stimulus Fund to support the Scottish supply chain during the development phase. For MarramWind specifically, a commitment table allocates expenditure across development, manufacturing and fabrication, installation, and operations, broken down by geography. While these figures are not yet framed as an agreed financing package at FID, they illustrate the anticipated scale of spending that FID would unlock and the importance of progressing through the development milestones to reach financial close within the 2021–2027 programme window.