UK floating offshore wind could reach ‘subsidy free’ levels by the early 2030s, according to the latest study completed by our Floating Offshore Wind Centre of Excellence.
The report highlights the vital role #floatingwind will play in the UK’s journey to #netzero and towards delivering 100GW of offshore wind by 2050.
Chris Hill, Operational Performance Director, ORE Catapult and FOW CoE Executive Governance Board Co-Chair, said: “It is vital the UK takes a strategic approach to supporting the rapidly developing floating wind industry to ensure the potential benefits are realised. This study provides a strong evidence base for key policy decisions relating to the growth and scale of the industry in the UK – both in terms of the focus for support, and timing.”
Read the CostReduction Pathways to Subsidy Free report here.