We have talked about the UK market and how a recent report by Renewable UK, ‘Floating Wind: Anchoring the Next Generation in Offshore Energy’, outlines a compelling vision for the future of floating offshore wind. The report highlights how the UK’s engineering prowess and abundant natural resources can power a £1 trillion global wind energy[…]
The Bigger Picture
A recent report from RenewableUK, the UK’s leading renewable energy trade association, and the joint UK Government-Industry Floating Offshore Wind Taskforce, outlines a compelling vision for the future of floating offshore wind. The report showcases how the UK’s engineering prowess and natural resources can power a £1 trillion global wind energy industry. Unlocking Economic Growth[…]
The bidding process for Floating Offshore Wind Leasing Round 5, covering the Celtic Sea, will begin early in 2024. This represents an important milestone and one that will accelerate the deployment of floating offshore wind on our doorstep. As a Welsh company focused on floating wind, Marine Power Systems has, for several years, worked closely[…]
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[…]
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[…]