Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Final investment decision (FID) on the 100 MW Salamander floating offshore wind demonstrator off Peterhead is the development-stage milestone at which the joint-venture shareholders (Odfjell Oceanwind 80%, Simply Blue Group 10%, Subsea7 10%) commit capital to construction. FID typically gates on a route-to-market commitment such as a UK CfD allocation-round award. Salamander did not win a CfD in Allocation Round 7 (results 14 January 2026); the floating-wind ringfence (192.5 MW at GBP 216.49/MWh, 2024 prices) cleared in full to Pentland. CfD AR8 opens July 2026 with results expected late 2026. The 2028 FID target reflects assumed entry into and success at AR8 followed by approximately 22 months of post-CfD detailed design, supply-chain readiness work and capital committee process — the cadence observed on Pentland, the closest comparable (AR7-anchored 100 MW UK floating demonstrator with novel foundation tech). Date is an analyst projection on cohort timing and will be superseded by any developer or regulator restated schedule.