The UK Government have significantly increased the strike price they will offer for floating offshore wind projects in the next Contracts for Difference (CfD) auction, following the lower-than-expected offshore wind allocation in the previous auction, and the impact of global events on supply chains. This amounts to a 52% increase from £116/MWh to £176/MWh. Marine[…]
The Bigger Picture
A lot has happened in the last couple of years. Rising energy prices have put a huge squeeze on household budgets and continue to drive inflation. The war in Ukraine has further accentuated the situation and pushed ‘energy security’ up the political agenda. Against this backdrop governments around the world still need to deliver on[…]
A lot has happened since all eyes were focussed on COP26 in November last year. Rising energy prices have put a huge squeeze on household budgets and continue to drive inflation. The war in Ukraine has further accentuated the situation and pushed ‘energy security’ up the political agenda. Against this backdrop governments around the world[…]
Marine Power Systems is delighted to see the UK Government is hitting the accelerator on low-cost renewable power. The auctions for funding through the Contracts for Difference (CfD) scheme will be run every year rather than every two years from March 2023 onwards. The move will speed up the UK adoption of MPS devices and[…]
Offshore wind will play a crucial role in delivering the UK’s net zero targets and a significant amount of that target will be delivered through floating offshore wind. The results of the ScotWind auction earlier this week sends an extremely positive signal to the whole offshore wind sector and technology developers such as Marine Power[…]
We are on a mission to help create a better future. One based on clean, affordable, renewable energy using the power of the ocean. As such environmental sustainability is baked into our vision and mission, but we are also aware that everything we do has an impact on the planet and if we are true[…]
With governments around the world and the global community focussed on exactly how we will address the climate crisis now is a good time to consider the role floating offshore technologies will play in the pathway to Net Zero. Whilst offshore winds in shallow waters have been harnessed by fixed bottom wind turbines the wind[…]
The promise of the G7 nations to channel £100bn a year into poorer nations to help address climate change is a clear indication that global warming requires a global approach. An approach that relies on Governments supporting the transition to greener energy, not only within their own borders but across the world. The solution to[…]