RenewableUK and Scottish Renewables published a report called Floating Wind – The UK Industry Ambition on 31 October, indicating that the technology is necessary for the UK to meet its net zero carbon emissions target by 2050 and for Scotland to fulfil its commitment to achieve the same target by 2045.
The industry estimates that floating wind can support 17,000 jobs in the UK by 2050, particularly in coastal communities.
The report suggests that the government should use the Contracts for Difference auction framework to create a specific pot of funding for innovative technologies like floating wind. This will secure an increase in new capacity from 32MW now to up to 2GW by 2030, making floating wind cost-competitive by that date.
The report also calls for the government and industry to invest in new infrastructure to support the development of floating wind technology, as a clear pipeline of commercial-scale projects should reduce costs through economies of scale.
The ScotWind leasing process provides an opportunity for the development of floating wind farms in Scottish waters.
Morag Watson, Director of Policy of Scottish Renewables, said “Scotland’s offshore energy experience and our deep water wind resource means we’re already a world leader in floating wind – technology which will be necessary to meet our net-zero emissions target and offers the most cost-effective pathway to delivering more than 50GW of offshore wind in UK waters.”