Study: UK's Floating Offshore Wind Subsidy-Free by 2030?

Wind Industry Profile of

UK floating offshore wind could reach “subsidy-free” levels by the early 2030s, according to a study completed by the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE).

The Floating Offshore Wind: Cost Reduction Pathways to Subsidy-Free study suggests large floating offshore wind projects could secure Contracts for Difference (CfD) strike prices below current wholesale electricity price forecasts as early as 2029, depending on the deployment scenario pursued by the UK. It also highlights the vital role floating offshore wind will play in the UK’s journey to Net Zero and towards delivering 100GW of... ... More: Official Press Release ORE Catapult

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ORE Catapult, offshore, wind power, floating, UK, report, subsidy free, 2030, Floating Offshore Wind Centre of Excellence, FOW CoE, floater, industry, CfD