Fid Financial Close

The developer presentation for the Sinclair & Scaraben floating wind project includes an indicative project timeline that explicitly identifies a milestone labelled “Financial Close & Completion Execution Contract.” This milestone is positioned after “Consents Award” and before “Commercial Operations Date” on a schedule that runs from 2023 through 2031. Within that layout, financial close is shown around the 2029–2030 period, indicating the point at which full funding is expected to be secured and the main execution contract completed, enabling the project to move from late development into construction. The slide makes clear that this is an indicative, forward-looking planning assumption rather than a completed action. The same presentation describes Sinclair & Scaraben as a 99.45 MW INTOG floating wind project north of Fraserburgh, intended to trial innovative technologies and new construction methodologies, with activities such as EIA design envelope definition, consent application, FEED and execution contract tendering, and consents award all preceding financial close. The entire timeline is explicitly marked as “Subject to HND FUE INTOG & Alternative Routes to Market,” underlining that progression to financial close depends on grid and route‑to‑market outcomes. For Scaraben, this planned financial close and execution contract completion around 2030 signals the target date by which the developers aim to have secured investment and contracting structures robust enough to commence full construction and advance towards eventual commercial operations within the early 2030s timeframe implied by the schedule.