Western Gateway’s Post

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

IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’ As of 2023, there was around 270MW of floating wind capacity in operation, with the global pipeline for new floating projects standing at 244GW, according to a market outlook report commissioned by the 2023 Japanese G7 Presidency & issued by the International Renewable Energy Agency (IRENA). According to the report, meeting the 1.5°C goal requires 494GW of offshore wind capacity on the grids globally by 2030 & 2,465GW by 2050. Despite progress in building new offshore wind farms, there was a total of 63GW of installed capacity in 2022. And just as there are calls to help the global offshore wind industry bring projects to realisation faster, the floating wind industry is seeing recommendations & initiatives to scale up the industry, bring the costs down & roll out floating wind farms more quickly. In the floating offshore wind outlook, issued this July, IRENA outlines several observations with recommended actions to help put floating wind on a fast track. Among the recommendations is for the countries with floating wind to accelerate international cooperation, as floating offshore wind is currently concentrated in certain markets. IRENA says that “it is imperative that, from the start, international cooperation in this field continues to scale up & prevent the development of silos”. To achieve this, G7 members should cooperate with IRENA’s Collaborative Framework to collect & disseminate key trends/learnings from floating offshore wind. The report also states countries should continue to participate in joint research projects within the G7 & other countries. “To drive international co-operation, there is a need to continue developing joint R&D programmes & projects on floating offshore wind. This is already happening in this space, for example with Japan entering partnerships with Denmark & Norway”, the report reads. One of the actions the Agency lists in its recommendations is setting long-term deployment & cost-reduction targets for floating offshore wind, in line with the 2030 Agenda & beyond. The report further also calls for directing more resources & investment towards existing floating wind solutions, in consultation with the industry, to promote economies of scale. IRENA also notes that, while the coupling of floating wind and hydrogen is currently not a priority for the industry, pilot initiatives are demonstrating the potential opportunities so continued innovation & investment in this space should be encouraged. In the report, IRENA listed a total of eleven observations, each accompanied by recommended action points. Our View - exciting times for floating wind ahead. What do you think? Original article by Offshorewind .biz #offshorewind #floatingwind #windenergy https://lnkd.in/dp7cnWEw

IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’ As of 2023, there was around 270MW of floating wind capacity in operation, with the global pipeline for new floating projects standing at 244GW, according to a market outlook report commissioned by the 2023 Japanese G7 Presidency & issued by the International Renewable Energy Agency (IRENA). According to the report, meeting the 1.5°C goal requires 494GW of offshore wind capacity on the grids globally by 2030 & 2,465GW by 2050. Despite progress in building new offshore wind farms, there was a total of 63GW of installed capacity in 2022. And just as there are calls to help the global offshore wind industry bring projects to realisation faster, the floating wind industry is seeing recommendations & initiatives to scale up the industry, bring the costs down & roll out floating wind farms more quickly. In the floating offshore wind outlook, issued this July, IRENA outlines several observations with recommended actions to help put floating wind on a fast track. Among the recommendations is for the countries with floating wind to accelerate international cooperation, as floating offshore wind is currently concentrated in certain markets. IRENA says that “it is imperative that, from the start, international cooperation in this field continues to scale up & prevent the development of silos”. To achieve this, G7 members should cooperate with IRENA’s Collaborative Framework to collect & disseminate key trends/learnings from floating offshore wind. The report also states countries should continue to participate in joint research projects within the G7 & other countries. “To drive international co-operation, there is a need to continue developing joint R&D programmes & projects on floating offshore wind. This is already happening in this space, for example with Japan entering partnerships with Denmark & Norway”, the report reads. One of the actions the Agency lists in its recommendations is setting long-term deployment & cost-reduction targets for floating offshore wind, in line with the 2030 Agenda & beyond. The report further also calls for directing more resources & investment towards existing floating wind solutions, in consultation with the industry, to promote economies of scale. IRENA also notes that, while the coupling of floating wind and hydrogen is currently not a priority for the industry, pilot initiatives are demonstrating the potential opportunities so continued innovation & investment in this space should be encouraged. In the report, IRENA listed a total of eleven observations, each accompanied by recommended action points. Our View - exciting times for floating wind ahead. What do you think? Original article by Offshorewind .biz #offshorewind #floatingwind #windenergy https://lnkd.in/dp7cnWEw

IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’ As of 2023, there was around 270MW of floating wind capacity in operation, with the global pipeline for new floating projects standing at 244GW, according to a market outlook report commissioned by the 2023 Japanese G7 Presidency & issued by the International Renewable Energy Agency (IRENA). According to the report, meeting the 1.5°C goal requires 494GW of offshore wind capacity on the grids globally by 2030 & 2,465GW by 2050. Despite progress in building new offshore wind farms, there was a total of 63GW of installed capacity in 2022. And just as there are calls to help the global offshore wind industry bring projects to realisation faster, the floating wind industry is seeing recommendations & initiatives to scale up the industry, bring the costs down & roll out floating wind farms more quickly. In the floating offshore wind outlook, issued this July, IRENA outlines several observations with recommended actions to help put floating wind on a fast track. Among the recommendations is for the countries with floating wind to accelerate international cooperation, as floating offshore wind is currently concentrated in certain markets. IRENA says that “it is imperative that, from the start, international cooperation in this field continues to scale up & prevent the development of silos”. To achieve this, G7 members should cooperate with IRENA’s Collaborative Framework to collect & disseminate key trends/learnings from floating offshore wind. The report also states countries should continue to participate in joint research projects within the G7 & other countries. “To drive international co-operation, there is a need to continue developing joint R&D programmes & projects on floating offshore wind. This is already happening in this space, for example with Japan entering partnerships with Denmark & Norway”, the report reads. One of the actions the Agency lists in its recommendations is setting long-term deployment & cost-reduction targets for floating offshore wind, in line with the 2030 Agenda & beyond. The report further also calls for directing more resources & investment towards existing floating wind solutions, in consultation with the industry, to promote economies of scale. IRENA also notes that, while the coupling of floating wind and hydrogen is currently not a priority for the industry, pilot initiatives are demonstrating the potential opportunities so continued innovation & investment in this space should be encouraged. In the report, IRENA listed a total of eleven observations, each accompanied by recommended action points. My View - exciting times for floating wind ahead. What do you think? Original article by Offshorewind .biz #offshorewind #floatingwind #windenergy https://lnkd.in/ed6EU_Qi

How to create and secure a national #offshorewind #manufacturing industry has been a common conversational theme over the last few weeks. The 2024 Offshore Wind Industrial Growth Plan (IGP) estimated the global offshore wind opportunity at £1300bn over the next decade with the UK wind market alone forecast to undergo 4x growth. My view (but not just my view!), is that to deliver on the scale of the opportunity it is now critical to invest in developing a ‘connected pathway’ between research and manufacture to anchor technology and product leadership in the UK. Happily, this is a conversation that has sparked at almost every event I and National Composites Centre ‘Team Energy’ have been at over the last few weeks, not least: - At the UK Wind Supply Chain spotlight event on a panel Chaired by Ronnie Bonnar with Stephen Wyatt, Deborah Greaves, and Jane Cooper - At the launch of the Supergen Offshore Renewable Energy (ORE) Hub Outlook 2040 report - At a #GreatritshEnergy roundtable with Juergen Maier CBE FRS FREng and Tim Cullen earlier this week - I could go on….. And if you want read more from myself and Stephen Wyatt (Offshore Renewable Energy Catapult), then see here: https://lnkd.in/gVh5TSCd #UKenergy 

📣📣 During a visit to Saint-Nazaire on May 2, French Economy Minister Bruno Le Maire detailed the government's ambitious plan to boost offshore wind capacity to 45 GW by 2050, an increase from the previously set target of 40 GW. This revised goal is part of France's broader Energy-Climate Strategy, which aims for a progressive scale-up of offshore wind power: 4 GW by 2030 and 18 GW by 2035. Currently, France has successfully connected three offshore wind farms. To achieve the 2035 milestone, 15 more projects are in various stages: three nearing completion, three set for deployment by 2031, and nine undergoing the tendering process. Additionally, a new tender for 10 GW is in consideration, reflecting a significant commitment to developing renewable energy within Europe, with at least half of the capacity intended to be locally produced. https://lnkd.in/dey4dnjK

Global floating offshore wind pipeline has surged by 9% in the past year, reaching 266GW according to RenewableUK! This represents an addition of 22GW across 31 new projects around the world - bringing the total to 316 globally with the bulk of future capacity still in development, just 245MW in current operation. Key takeaways: - Europe leads the way with 62% of the global capacity. - Italy holds the largest pipeline at 41.3GW, but many projects remain in early stages. - The UK maintains its leadership, with 33.1GW in its pipeline, 75% of which is in Scottish waters. The need for a stronger focus on scaling up supply chains and reducing costs is crucial for the sector's future in order to cope with this increased number of developments and therefore demand on turbines, installation vessels and offshore staff to install and maintain them. This rapid growth highlights the vast potential of floating wind to accelerate the transition to clean energy worldwide. #renewableEnergy #offshorewind #floatingwind #windenergy https://lnkd.in/eZZpN5MS

Billions of pounds of investment opportunities and new jobs are expected to be created following the approval of one of the world's biggest floating offshore wind projects, Green Volt ✅ Europe's first commercial-scale floating windfarm, located off the Aberdeenshire coast, is a 50-50 joint venture between Aberdeen-based Flotation Energy and Norwegian firm Vårgrønn. Sir Ian Wood, Chair of the Energy Transition Zone (ETZ) said: “The awarding of consent for the Green Volt INTOG project is a massive boost for Scotland’s ambition to be a global leader in floating offshore wind. “This decision will unlock around £3 billion of investment, generate hundreds of jobs and will effectively result in Europe’s first commercial scale floating wind development. #ScotlandIsNow #EnergyTransition https://ow.ly/JZ9b50RlfQO

A new report from the joint Government-Industry Floating Offshore Wind Taskforce highlights that floating wind has the potential to become the UK’s greatest industrial success story of the 21st century—provided the right steps are taken to accelerate project development.   Read this report from RenewableUK here: https://lnkd.in/e9m75P8Z   #TouchstoneEnergy #RenewableEnergy #Sustainability #WindEnergy #EnergyTransition

🇰🇷 The Asia-Pacific region is poised to become a global leader in offshore wind energy, with TGS | 4C Offshore Wind News reports indicating it could account for about 251 GW capacity by 2050. Floating wind is vital for the decarbonization of economies in South Korea, Taiwan, Japan, the US West Coast and Pacific Islands, the Philippines, and Australia which have large coastlines, deep waters, and strong winds in sites close to demand centers. Floating platform technologies like the WindFloat® are now proven and have the ability to unlock this the enormous potential of the deepwater offshore resources in the country. However, gaps in policy frameworks remain, creating significant risks for developers aiming to build the first commercial-scale projects in the region. These risks can be overcome with coordinated action by government and industry to create the right policy conditions for the successful development of floating wind projects, prioritizing proactive stakeholder engagement, predictable procurement auctions that emphasize deliverable economics, and the construction of enabling infrastructure like ports and transmission. If policy makers across the region are able to create the right conditions for deployment, they will activate massive supply chains that build from existing capacity to create a new industry. Successful delivery of the first projects will initiate a virtuous cycle of learning that reduces LCoE and makes GW-scale floating wind projects a competitive and secure resource for APAC economies. Join Aaron Smith at the APAC Offshore Wind Energy Summit 2024 for a deep dive into how Principle Power is using the lessons learned from our 13-year operational track record in Europe to enable projects and local supply chains in the APAC region to scale up with confidence. 📅 Save the date: 26 November, 5:15 PM (KST) 📍 Session: Spotlight on Emerging Floating Offshore Wind Markets in APAC Moderator: Amisha Patel Speakers: Aaron Smith, Principle Power CC Lin, Synera Renewable Energy Chris Lloyd, ESMAP - Energy Sector Management Assistance Program Henrik Stiesdal, Stiesdal Ørjan Rist, Bandibuli Floating Wind Project, Equinor Tim Fischer, Ramboll  Global Wind Energy Council (GWEC) #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero