Invenergy and BW Offshore have entered into a joint venture to develop up to 5.4 GW of offshore wind in Scotland. This is a part of the first ScotWind leasing round. The partnership will entail the development of both floating and fixed foundation offshore wind projects off the Northeast Coast of Scotland.
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A new national target of 30 GW of offshore wind energy by 2030, set in March 2021, could help illuminate the potential for future U.S. market growth. As the number of projects in the advanced permitting and approval phases now exceeds 11 GW, the first phase of U.S. development is well underway. However, despite the new national offshore wind energy deployment goal, fluctuating policy support, stakeholder concerns, constrained global supply chains, and land-based grid limitations pose challenges that could potentially temper the industry’s progress.
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In the APAC region, offshore wind will act as an accelerator of the energy transition. Taiwan has fast emerged as a key offshore wind market in the region. Japan is clearly the next upcoming market. South Korea could be a very big market for floating offshore wind owing to very conducive conditions for this type of offshore wind installations. Vietnam is another potential market owing to tremendous fundamentals.
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Offshore wind is poised to play a large role in the Polish power sector. We currently forecast an additional 5.4GW of wind capacity to come online between 2021 and 2030 taking the sectors share of total generation to 15% by the end of the decade. This includes an additional but conservative 1.5GW of offshore wind capacity with a considerable upside risk mounting due to support for the sector and a growing project pipeline.
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bp and Energie Baden-Wuerttemberg AG (EnBW) of Germany have together emerged as the preferred bidder for two major leases in the UK Offshore Wind Round 4. Both these leases are located in the Irish Sea and together offer a total potential to generate 3 GW of offshore wind power. This is the first such UK leasing round since 2010 and offers a 60-year lease life.
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Ocean Winds began operations with fixed projects in France with 500 MW capacity each in the locations of Treport and Noirmoutier. The company also has operations in the US where it partnered with Shell in developing the Mayflower project, off the east coast. It had also developed a new technology for floating wind which was used to execute an upcoming project off California. Further, Ocean Winds has collaborated with Ignitis for projects in Lithuania and also proposed wind projects in Poland and the Mediterranean.
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