Latest news with #floatingoffshorewind
Yahoo
4 days ago
- Business
- Yahoo
Offshore wind farm approval hailed as opportunity
Developers have said it is an "important moment" after a floating offshore wind project received full planning consent. White Cross, located 52km off the north Devon coast, will feature six to eight floating wind turbines, capable of powering about 135,000 homes, said developers Flotation Energy and Cobra. The decision to bring the electricity cable from the 100 megawatt project ashore at Saunton Sands sparked significant backlash over environmental damage, disruption to tourism, and increased heavy vehicle traffic. "In response to feedback, we have adapted our plans to minimise environmental and social impacts," said Sam Park, senior project manager. North Devon councillors granted consent for the onshore infrastructure in May, while the Marine Management Organisation issued a Marine Licence for offshore construction on 16 July. Mr Park said: "This is an important moment for the White Cross Offshore Windfarm, and for floating offshore wind in the Celtic Sea. "This gives us a valuable opportunity to harness pioneering technology to help deliver the energy transition in the South West." The windfarm's cables will land at Saunton Sands and run underground for five miles (8km) to a new substation near East Yelland. The company said "advanced trenchless technology" will be used to avoid surface disruption in sensitive ecological areas such as Braunton Burrows Special Area of Conservation and the Taw-Torridge Estuary Site of Special Scientific Interest. Work is expected to start on the cabling in 2027 and the wind farm in 2028, according the developers. More news stories for Devon Listen to the latest news for Devon Follow BBC Devon on X, Facebook and Instagram. Send your story ideas to spotlight@ More on this story Beach electricity cable plans approved Controversial beach cable recommended for approval Beach cable campaigners raise £10k for challenge Related internet links Flotation Energy White Cross
Yahoo
25-07-2025
- Business
- Yahoo
Scotland grants offshore consent for 100MW Salamander wind farm
The Scottish government has awarded Section 36 consent and associated marine licences to the 100MW Salamander wind farm in a significant step forward in its commitment to the floating offshore wind industry. The project is being jointly developed by Ørsted, the Simply Blue Group and Subsea7. The consent gives developers the go-ahead to construct and operate the floating array. Positioned 35km offshore Peterhead in northeast Scotland, the Salamander offshore wind farm will harness floating offshore wind technologies to generate zero-carbon electricity. The project, with an accompanying 100MW onshore battery system, will contribute to the Scottish government's target of 11GW of installed offshore wind as well as the UK government's target of 5GW of operational floating offshore wind by 2030. The endorsement from Marine Directorate Licensing and Operations (MD-LOT), along with contributions from stakeholders such as NatureScot, now sanctioned by Scottish ministers, strengthens local supply chains. Following the onshore planning permission in principle award for on-site works in March 2025, the latest consent assures that project timelines are maintained towards deployment before year-end 2030. The team will now focus on securing an option agreement with Crown Estate Scotland and subsequently aim to obtain a contract for difference (CfD) agreement. Project director Hugh Yendole stated: 'Coming hot on the heels of the onshore consent, this is yet another major achievement by the project team. While we worked proactively with MD-LOT to achieve offshore consent – including compensation plans - within the 12-month target window, the award within 15 months reflects our team's expertise, passion, commitment and seamless teamwork.' Salamander signed an exclusivity agreement in May 2023 as part of Crown Estate Scotland's innovation and targeted oil and gas (INTOG) leasing round. With a focus on floating supply chain development, the Salamander wind farm will enable the local supply chain to prepare for commercial-scale opportunities in Scotland. The project will de-risk floating wind technologies and integration with battery storage systems to address challenges such as grid balancing and co-located generation for future commercial projects in Scotland and beyond. "Scotland grants offshore consent for 100MW Salamander wind farm" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20-06-2025
- Business
- Yahoo
Floating Offshore Wind Power Industry Report 2025 - Global Market Size, Share, Trends, Opportunities, and Forecasts, 2020-2030F
The floating offshore wind power market is poised for rapid growth by enabling energy generation in deep waters unsuitable for fixed installations. Opportunities arise from increasing demand for renewable energy, government support, and technological advancements. Key players are expanding reach, while high CAPEX remains a challenge. Floating Offshore Wind Power Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Floating Offshore Wind Power Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to Floating Offshore Wind Power Market was valued at USD 4.27 Billion in 2024, and is expected to reach USD 13.29 Billion by 2030, rising at a CAGR of 20.65% This market segment focuses on the deployment of wind turbines on floating platforms, enabling wind energy generation in deep-water regions unsuitable for fixed-bottom installations. Floating offshore wind expands access to stronger, more consistent wind resources found in deeper waters - typically beyond 60 meters - overcoming geographical limitations of traditional offshore systems. The sector includes a broad value chain involving floating platform engineers, turbine manufacturers, cable and mooring system providers, energy companies, and service operators. Floating wind technology reduces visual and acoustic impact concerns near coastlines while unlocking untapped wind resources further offshore. As a result, it is emerging as a vital component of the global transition to renewable energy. Key Market Drivers Increasing Global Demand for Renewable Energy and Net-Zero CommitmentsA major growth driver for the Floating Offshore Wind Power Market is the escalating demand for renewable energy, driven by global efforts to achieve net-zero emissions. As climate change concerns intensify, many countries are adopting ambitious policies to reduce reliance on fossil fuels, positioning offshore wind as a key solution. Floating wind technology enables energy generation in deeper coastal waters, unlocking previously inaccessible wind with deep-sea coastlines - such as Japan, the U.S., Norway, South Korea, and the U.K. - are especially poised to benefit. Governments are supporting the market through regulatory incentives, auctions, and subsidies to accelerate adoption. In Europe, the EC aims for 300 GW of offshore wind by 2050, with floating platforms playing a critical role. U.S. initiatives, including federal lease programs and infrastructure funding, further catalyze market growth. Floating wind's scalability supports large utility projects and growing interest in corporate PPAs, aligning with ESG goals and reinforcing investment flows into the Market Challenges High Capital Expenditure and Cost UncertaintyA critical challenge for the floating offshore wind sector is the high CAPEX involved in deploying and operating installations in deep-sea environments. Floating wind farms demand advanced technologies, robust mooring systems, and resilient substructures to endure marine conditions - resulting in higher construction, logistics, and installation costs. Compared to more mature fixed-bottom offshore wind technology, floating solutions are still in early stages, limiting opportunities for cost reductions through economies of scale. Additionally, diverse prototype platforms - like spar-buoy, semi-submersible, and tension leg designs - contribute to pricing variability. Long project payback periods and limited standardization add further financial uncertainty, deterring new entrants and private investors, especially in markets lacking consistent subsidies or policy Market Trends Increasing Investments and Government Support for Floating Wind ProjectsThe floating offshore wind industry is witnessing a surge in investment and policy support, accelerating commercialization and deployment. Governments across Europe, Asia-Pacific, and North America are prioritizing floating wind to meet decarbonization targets, particularly in deep-water regions unsuitable for fixed foundations. The EU's 2030 goal of 60 GW offshore capacity, along with initiatives in the U.K., France, Norway, and Japan, are spurring pilot projects and offering financial mechanisms such as CfDs and research efforts - like Equinor's Hywind Tampen or U.S. federal leasing programs - demonstrate growing public-private partnerships. Simultaneously, capital inflows from venture and corporate investors are supporting developers like Principle Power and BW Ideol. Investments are also being channeled into upgrading port infrastructure and localizing supply chains. Strategic alliances with oil and gas firms transitioning to renewables, including Shell, BP, and TotalEnergies, reflect heightened industry engagement and are propelling the market toward rapid, scalable growth. Key Attributes: Report Attribute Details No. of Pages 180 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $4.27 Billion Forecasted Market Value (USD) by 2030 $13.29 Billion Compound Annual Growth Rate 20.6% Regions Covered Global Report Scope: Key Market Players Equinor ASA Orsted A/S Principle Power Inc. Hexicon AB Saitec Offshore Technologies Floating Power Plant A/S GE Renewable Energy Siemens Gamesa Renewable Energy S.A. Aker Solutions ASA TotalEnergies SE Floating Offshore Wind Power Market, By Water Depth: Shallow Water (Less Than 30 M Depth) Transitional Water (30 M To 60 M Depth) Deep Water (Higher Than 60 M Depth) Floating Offshore Wind Power Market, By Turbine Capacity: Up to 3 MW 3 MW - 5 MW Above 5 MW Floating Offshore Wind Power Market, By Region: North America United States Canada Mexico Europe France United Kingdom Italy Germany Spain Asia-Pacific China India Japan Australia South Korea South America Brazil Argentina Colombia Middle East & Africa South Africa Saudi Arabia UAE Kuwait Turkey For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Floating Offshore Wind Power Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
