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2 February 2022

Scotland cements position as Europe’s floating offshore wind leader

More than half of Scotland's recent 25GW ScotWind seabed tender – 15GW – will come from floating offshore wind farms.

By Energy Monitor Staff

The Crown Estate Scotland recently awarded 17 offshore wind projects in its vast ScotWind seabed tender, covering 7,000km2 and adding up to almost 25GW of capacity. With 15GW of the capacity to come from floating offshore wind farms, the auction further cements Scotland’s position as the front runner in Europe’s floating offshore industry.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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In total, the Crown Estate received 74 bids for the 15 areas that were auctioned – amounting to 8,600km2 of sea space. The 17 successful projects have been offered option agreements, with a tender design with a maximum price ceiling of £100,000/km2.

Two of five floating wind turbines being prepared to sail off to Peterhead, Scotland, to establish the world’s first floating wind farm, Hywind Scotland Pilot Park. (Photo by Terje Aase via Shutterstock)

Awarded projects include consortia led by BayWa, BP Alternative Energy Investments, DEME, Falck Renewables, Magnora, Northland Power, OceanWinds, Offshore Wind Power, Scottish Power Renewables, Shell New Energies, SSE Renewables and Vattenfall.

Europe only has three small floating offshore wind farms in operation – two of them, the 30MW Hywind Scotland project and the 50MW Kincardine project are already in Scotland. The ScotWind seabed tender will bring Scotland’s floating wind capacity to over 15GW by the mid-2030s.

A total of 80% of Europe’s offshore wind resource is in waters 60m and deeper, including most opportunities in the Atlantic, Mediterranean Sea, Celtic Sea, Black Sea and Norwegian Sea. In these areas, where traditional, bottom-fixed turbines are not economically attractive, floating turbines can unlock offshore wind’s potential. Industry association WindEurope estimates that up to a third of the offshore volumes needed for Europe to reach net-zero by 2050 will come from floating turbines.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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