Crown Estate Scotland (CES) has selected the Ørsted, Falck Renewables and BlueFloat Energy consortium to enter into an Option Agreement for a new floating offshore wind site off the north-east coast of Scotland. The award for this floating wind site of up to 1GW in scale has been made through CES's ScotWind offshore wind leasing round. The project will be located off Caithness, around 50 km east of Wick and is Ørsted's first large-scale floating wind development project anywhere in the world, as well as expanding Ørsted's footprint from onshore wind to offshore wind in Scotland.

The consortium has already begun work with community ownership experts Energy4All on a new framework which will allow residents of Scotland and Scottish communities to share the financial benefits of the floating wind farms the consortium builds in the future.