The UK government has raised the maximum price it will pay offshore wind developers in public auctions in an effort to attract morebids as high interest rates and supply chain disruptions drive project development costs higher. Under new rules released Thursday, wind developers can count on a ...
More British businesses can supply offshore wind projects but developers need to engage better with a more joined-up supply chain.
An investigation into the UK offshore wind supply chain: is it ready for 'round 3' of the 'UK offshore wind development programme'? The Offshore Wind Developers Forum have identified that the UK supply chain is not performing as well as it could be to benefit from UK offshore wind proje...
1.2 GW off the coast of Yorkshire – consortium The UK already leads the world in offshore wind with nearly 3 GW as of 2012 – more than the rest of the world put together. Last year, the first phase ofLondon Array – the world’s largest offshore wind farm– came online, bringing ...
The partnership between GBE and the Crown Estate - the independent business owned by the monarch for the duration of their reign, which owns and leases out parcels of the seabed to offshore wind developers - is part of the project developer role. ...
In what many have deemed a disaster, the UK government's latest auction for renewable power—an annual attempt to incentivize private sector investment in a range of power sources—has failed to bring forward any new offshore ...
The sector deal aims to help fulfil targets of theUK’s Offshore Wind Industry Council (OWIC)— which comprises representatives from developers, research centres, and government bodies. OWIC welcomed the deal. "Now that we’ve sealed this landmark deal with our partners in government, as a ...
Gaining consent to build an offshore wind farm is a “hugely time-consuming process”, requiring developers to invest a lot of time and money, says Leece. Consenting involves multiple agencies and public bodies, so investment by the UK government into some of the bodies that are involved in ...
Develop Operational Experience through Co-Investment: Invest with European developers to both get a return on investment but also to build operational capabilities for cost reduction. An example is Marubeni’s co-invested in Gunfleet Sands offshore wind farm in the UK with Dong Energy....
"This will only apply in areas where developments havecommunity support, but these changes will help build on Britain's enormous success as a global leader in offshore wind, helping us on our journey to net zero," he added. Britain has become a global leader inoffshore windenergy in recent...