Offshore Wind Leases Market Valuation - Special Valuation Exercise
Crown Estate Scotland is currently in discussions with Offshore Wind tenants expecting to ‘step through’ from Option Agreements/Agreement to Lease (i.e., to enter the Lease). Where this ‘step through’ occurs more than 10 years after the initial option was granted, there is a need to ensure the rent mechanism contained in the Lease reflects ‘market value’. When the rent mechanism is fee based (i.e., rent = fee (GBP/MWh) x output (MWh)), there is a need to revalue the original fee to ensure the new fee level represen...
Buyer
Crown Estate Scotland
Value
£35,000
Published
22 Jun 2022
Closes
22 Jun 2022
Procurement details
Source
Pcs
Region
Scotland
Procurement method
Not provided
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
71355000
Surveying services
70000000
Real estate services
Lots
Lot 1 Offshore Wind Leases Market Valuation - Special Valuation Exercise
Value not provided
This process presents practical challenges for both CES and tenants seeking to progress the projects as there is a requirement to understand the Market Value Fee in advance of the point of the Option call. An early understanding of the Market Value Fee is helpful to both parties in progressing the project and the Option call preparations. This PIN is seeking...
Delivery: Scotland
Documents
Unlock document linkOverview of requirements and questions relating to the PIN
22 Jun 2022
Word document
Offshore Wind Leases Market Valuation - Special Valuation Exercise
Not provided
Crown Estate Scotland is currently in discussions with Offshore Wind tenants expecting to ‘step through’ from Option Agreements/Agreement to Lease (i.e., to enter the Lease). Where this ‘step through’ occurs more than 10 years after the ini...
Planned procurement notice · Web page
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