Fid Financial Close

The Stromar Floating Offshore Wind Farm developers signal their expected timing for the project’s Final Investment Decision (FID) in the official pre-application consultation materials. In the indicative project timeline, they list a sequence of late-development milestones, including anticipated onshore Planning Permission in Principle, Section 36 consent, and approval of onshore applications for matters specified in conditions, followed by the start of procurement and key contract awards. Within this same forward-looking schedule, the materials explicitly label a milestone as an “Anticipated Final Investment Decision,” positioning it as a future step on the path to construction and operation of the project. The timeline associates this FID with the early 2030s, indicating that the project sponsors do not expect to commit capital and reach financial close until after key consents and early procurement activities have been secured in the mid-to-late 2020s. Immediately after this anticipated FID milestone, the schedule shows the earliest start dates for offshore and onshore construction activities in the early 2030s, followed by first power in the mid-2030s and an operational lifetime extending about 35 years to the mid-2060s. This framing underlines that the FID will be the pivotal financial commitment enabling Stromar to move from development and permitting into full-scale construction and subsequent operation as a large commercial-scale floating offshore wind farm off the Scottish coast.