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Focus on floating offshore wind

In November 2020 the government announced its Ten Point Plan for a Green Industrial Revolution. Aggressive expansion of offshore wind was top of the list. Challenging targets were set for 40GW of offshore wind to be generated by 2030, with 1GW to come from floating turbines. 

Fast forward 18 months to April 2022 and, catalysed by the war in Ukraine and the cost-of-living crisis, the British Energy Security Strategy increased those targets to 50GW and 5GW respectively. That is a 400% increase in expectations for floating wind, and is somewhat surprising given that the UK will largely be starting from scratch. At present there is circa 80MW of floating wind capacity in UK waters, mostly split between the Hywind and Kincardine projects in Scotland. The latter, at 50MW and just five turbines, is the largest such project operational in the world. 

Large-scale deployment of floating wind required to hit the target will therefore require a significant ramping up of the industry, and for the UK to be the pioneer of deploying it. It is worth, then, exploring how that is going to happen.

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