French renewable energy company Qair has assumed full ownership of the 1-gigawatt (GW) Ayre floating offshore wind project following a ScotWind portfolio realignment, the company said on Tuesday.
The change follows a joint decision between Qair, DEME Concessions and Aspiravi International to align project ownership with each partner’s technical expertise. As part of the restructuring, Qair has exited the Bowdun offshore wind project, which will now be jointly developed by DEME Concessions and Aspiravi International.
“The shift follows a joint decision with DEME Concessions and Aspiravi International to align asset ownership with technical expertise,” Qair said in a statement.
Located east of Orkney and northeast of Caithness, the Ayre project is designed to deliver around 1GW of floating offshore wind capacity—enough to power more than 1.2 million homes, according to the company. Construction is scheduled to begin in 2030.
Despite the change in ownership, Qair said it will continue to collaborate with DEME and Aspiravi through their joint venture, Thistle Wind Partners, which focuses on advancing Scotland’s offshore wind supply chain and infrastructure.
