TouchstoneEnergy’s Post

The UK’s floating wind sector is poised as the "industrial opportunity of the century," according to the report Floating Wind: Anchoring the Next Generation Offshore. The UK’s engineering expertise and wind resources could position it as a leader in the £1 trillion global market by 2050. By then, floating wind could generate 40GW, powering all UK homes and supporting 97,000 jobs, particularly in Scotland and Wales. The report emphasizes the need to scale up projects quickly, reduce costs by 30% by 2030, and transform ports into manufacturing hubs. It highlights collaboration between industry and government, including a new partnership with Great British Energy and The Crown Estate. #offshore, #wind, #UK, #floating, #GW, #renewable, #energy, #Europe, #Scotland, #Wales, #MWh, #turbine, The Crown Estate, Crown Estate Scotland, RenewableUK , Scottish Renewables https://lnkd.in/e5zvMuq8

Floating wind energy presents a significant opportunity for Wales to become a global leader in renewable energy. By addressing the challenges and seizing the opportunities, Wales can position itself as a key player in the transition to a low-carbon economy. #smartbusiness #cleanenergy #futuretransition

I’ve just read Global Wind Energy Council (GWEC)’s annual offshore wind report, which was published last week. Despite the challenges the offshore wind industry faced last year, 2023 saw the second-highest number of installations and the industry is primed to see continued global   growth📈. The report also highlighted how:    - 2023 saw connection of 11 GW of offshore wind to the grid globally (an increase of 24% year-on-year)  - In Europe, a new wave of markets neighboring the North and Baltic Seas, Mediterranean, and Atlantic Ocean are seeing offshore wind as a way to enable economic and industrial growth.   - With the right frameworks in place, the world can be on course to deploy 410 GW by 2033.    But it’s not time to get complacent. If we are to meet individual country targets, we must maintain momentum and focus on installing capacity that enables us to reach these goals. We are racing against time to get new wind plants up and running to supply communities with green energy and save our planet from rising carbon emissions. 🌎     #EnergyTransition #OffshoreWind #MoreWindNow 

Breaking news! Ed Miliband: “Onshore wind is one of the cheapest sources of power we have.” After a few years of policy impediments it is great to see UK governance paving the way towards a successful wind industry. Sustainable ocean-based solutions, particularly offshore renewable energy, play a crucial role in the global transition to a cleaner and more equitable future. 🙌Generating renewable energy from offshore wind has huge potential globally so it is fantastic to see policy makers committed to the sector’s expansion and supporting its development with coalitions in the private sector that will unlock access to finance. Address in comments. #governance #uk #offshorewind #greeneconomy #renewables

Read the article at the Daily Breeze, “Long Beach port’s ambitious Pier Wind project gets a boost from state," by Donna Littlejohn—October 2, 2024. “A proposed 400-acre terminal to assemble and deploy floating offshore wind turbines received a boost this week when Gov. Gavin Newsom signed a bill allowing the Port of Long Beach, which is pursing the ambitious project, to streamline the design and construction of the plan, known as Pier Wind. Assembly Bill 2235 — authored by Assemblymember Josh Lowenthal, D-Long Beach — will reduce costs and accelerate the timeline to complete what would be the largest facility of its kind in the United States… It will also help the state meet its goals for renewable energy sources. ‘We now have the ability to plan and build Pier Wind in a way that is smarter, faster and more cost-effective,’ said Port of Long Beach CEO Mario Cordero… Pier Wind would allow for staging, storing and assembling some of the world’s largest offshore wind turbines, standing as tall as the Eiffel Tower… If approved, construction of the $4.7 billion project could start as soon as 2027, with the first 200 acres completed in 2031, and the final 200 acres coming online in 2035…”  Read the full story below and at this link. https://lnkd.in/g-HAbZYa #offshorewind #floatingwind #cleanenergy #renewables #climate #offshorewindca #pacificoffshorewindsummit

𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗙𝗹𝗼𝗮𝘁𝗶𝗻𝗴 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗪𝗶𝗻𝗱 – 𝗕𝘂𝘁 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗥𝗲𝗺𝗮𝗶𝗻 Recent milestones in the floating offshore wind sector are paving the way for a renewable energy revolution. France awarded its first commercial-scale floating offshore wind auction to Elicio and BayWa r.e. Global. with the 250 MW Pennavel project, a significant step forward in scaling up floating wind technology. In Sweden, Deep Wind Offshore plans the Erik Segersäll floating offshore wind farm of 1.5 GW, and potentially supporting an area of 4.5 GW through several development phases to meet the needs of 2.5 million Stockholm residents. In addition to these achievements, Stiesdal has reported that the TetraSpar Demonstrator Project has achieved an impressive 63% capacity factor, highlighting the efficiency and potential of floating wind platforms. These projects showcase the immense potential of floating wind technology. Despite the progress, the industry still faces challenges such as high costs, complex installations, and regulatory hurdles. Innovative solutions and ongoing investments are crucial to overcoming these obstacles and fully realizing the potential of floating wind farms. Looking ahead, the future of floating wind technology appears promising and exciting. Read more in our latest article: https://hubs.ly/Q02z2M7f0 #Renewableenergy #Floatingwind #Offshorewind #Windindustry

Last week’s RenewableUK #FloatingWind24 shed light on the exciting opportunities and complex challenges facing the sector. With the UK aiming for net-zero emissions by 2050, floating wind farms have the potential to transform our energy landscape by reaching deeper waters and unlocking previously inaccessible wind resources. 🌊 Check out the blog from energy team member, Chloe, for more insight. #RenewableEnergy #OffshoreWind #NetZero #Sustainability #FloatingWind #EnergyInnovation #GBEnergy

New report shows offshore wind industry in New Zealand can flourish through UK collaboration   A new report published today illustrates the unique opportunity that the UK and New Zealand have to unlock the full potential of New Zealand’s offshore wind industry. Read More: https://lnkd.in/gNtjPCFu #NewZealand #UK #OffshoreRenewableEnergy #WindEnergy #OffshoreWind #RenewableEnergy #GreenEnergy

New report shows offshore wind industry in New Zealand can flourish through UK collaboration   A new report published today illustrates the unique opportunity that the UK and New Zealand have to unlock the full potential of New Zealand’s offshore wind industry. Read More: https://lnkd.in/gNtjPCFu #NewZealand #UK #OffshoreRenewableEnergy #WindEnergy #OffshoreWind #RenewableEnergy #GreenEnergy

New Jersey’s offshore wind sector is experiencing a transformative “reset year,” with new leadership and more companies joining the state’s bold renewable energy mission. 🌱💨 Recently, the state’s fourth solicitation round incorporated industry feedback to enhance flexibility and adjust for inflation, setting up more sustainable project frameworks. Damian Bednarz, Managing Director of Attentive Energy, is a familiar face in NJ communities, working hard to foster relationships with stakeholders and address the need for transparency statewide. Attentive Energy’s $7.5 million investment in local environmental projects and training programs highlights the company’s commitment to clean, green energy and community support.  With the next solicitation awards in December, we’re eager to see the next steps toward NJ’s 11,000 MW offshore wind goal. 🍃✨ Learn more about NJ’s sustainable future on ROI-NJ here: https://lnkd.in/g2PWcsBm  #OffshoreWindNJ #AttentiveEnergy #GreenEnergy #Renewables #NewJerseyEnergy #CommunityImpact #CleanEnergy #SustainableFuture #Rosica #RosicaCommunications