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Dan McGrail, chief executive of trade body RenewableUK, told a floating offshore wind conference on Wednesday that the industry needed to look beyond 2030
.
By 2030, 1 GW of floating wind capacity
is expected to be installed in UK waters.
To support the development of the technology, the government has set aside £24 million as part of
its Contract for Difference (CfD) subsidy scheme.
Mr McGrail said: "We need to seize the opportunities and political support created by COP26 to achieve our goals
.
The UK needs floating offshore wind to reach net zero; If we need to build more than 100 GW of offshore wind by 2050, then it is possible to complete it
.
”
"But we need a bigger target beyond 2030," he said, adding, "1 GW is not an industry, a long-term target of 16-20 GW or more by 2040 is needed to give the UK an edge
in global competition.
" ”
Wednesday's Scotland Renewables UK event opened with several leading energy publics
According to a recently published study by RenewableUK, 54 GW of floating offshore wind projects are in the pipeline worldwide
.
More than half of these are in Europe (30.
9 GW), with the UK leading the world
with 8.
8 GW.
Floating wind allows developers to place turbines in
deeper, windier waters that are inaccessible to fixed bottoms.
For example, Equinor's Hywind Scotland came online in 2017 and the Kincardine floating offshore wind farm recently commissioned near Aberdeen
.
However, the cost of floating wind remains problematic, especially compared to
fixed bottom development.
To achieve "cost parity," Dan Finch, managing director of Ocean Winds, emphasized the importance of
"deployment at scale.
"
He said: "We need to look back and see what exactly brought us down to below
£100 per megawatt hour.
The increase in turbine size – which is obviously a major factor – but the overall improvement in the supply chain is an important reason
.
Another important factor is the increasing adaptation of financial markets to offshore wind
.
”
Dan McGrail, chief executive of trade body RenewableUK, told a floating offshore wind conference on Wednesday that the industry needed to look beyond 2030
.
By 2030, 1 GW of floating wind capacity
is expected to be installed in UK waters.
To support the development of the technology, the government has set aside £24 million as part of
its Contract for Difference (CfD) subsidy scheme.
Mr McGrail said: "We need to seize the opportunities and political support created by COP26 to achieve our goals
.
The UK needs floating offshore wind to reach net zero; If we need to build more than 100 GW of offshore wind by 2050, then it is possible to complete it
.
”
"But we need a bigger target beyond 2030," he said, adding, "1 GW is not an industry, a long-term target of 16-20 GW or more by 2040 is needed to give the UK an edge
in global competition.
" ”
Wednesday's Scotland Renewables UK event opened with several leading energy publics
According to a recently published study by RenewableUK, 54 GW of floating offshore wind projects are in the pipeline worldwide
.
More than half of these are in Europe (30.
9 GW), with the UK leading the world
with 8.
8 GW.
9 8.
8
Floating wind allows developers to place turbines in
deeper, windier waters that are inaccessible to fixed bottoms.
For example, Equinor's Hywind Scotland came online in 2017 and the Kincardine floating offshore wind farm recently commissioned near Aberdeen
.
However, the cost of floating wind remains problematic, especially compared to
fixed bottom development.
To achieve "cost parity," Dan Finch, managing director of Ocean Winds, emphasized the importance of
"deployment at scale.
"
He said: "We need to look back and see what exactly brought us down to below
£100 per megawatt hour.
The increase in turbine size – which is obviously a major factor – but the overall improvement in the supply chain is an important reason
.
Another important factor is the increasing adaptation of financial markets to offshore wind
.
”
