{"id":4336,"date":"2020-11-20T00:00:00","date_gmt":"2020-11-20T00:00:00","guid":{"rendered":"https:\/\/www.netzerotc.com\/news-insights\/offshore-wind-power-the-multi-billion-pound-opportunity\/"},"modified":"2022-10-13T15:25:34","modified_gmt":"2022-10-13T14:25:34","slug":"offshore-wind-power-the-multi-billion-pound-opportunity","status":"publish","type":"insight","link":"https:\/\/www.netzerotc.com\/insights\/offshore-wind-power-the-multi-billion-pound-opportunity\/","title":{"rendered":"Offshore wind power \u2013 the multi-billion pound opportunity"},"content":{"rendered":"
In September we published a significant report examining the need for innovation in order to achieve net zero targets by 2050. The \u2018Closing the Gap<\/a>\u2019 report covered a mix of technologies that will be required to support the industry and beyond. One of the key resources featured was floating wind. <\/p>\n According to the report, floating wind capacity, which provides access to 80% of the UK\u2019s offshore wind resource that fixed-bottom platforms can\u2019t reach, has the potential to expand to 10GW of capacity by 2050.<\/p>\n Designing larger durable systems that are reliable, robust and capable of withstanding a host of complex sea and weather conditions is a challenge as is the requirement to standardise floating foundations to enable mass-production.<\/p>\n <\/p>\n OGTC is working with partners and stakeholders to ensure that the technology innovation gaps in both fixed and floating wind are addressed. For example, while fixed wind is a mature technology there are still opportunities to develop a lead in recycling wind turbine components and developing automated inspection options. Designing larger and more efficient blades and taller towers are two other areas with innovation potential. <\/p>\n However, it\u2019s in floating wind that the significant opportunity lies. Much of Europe\u2019s and indeed the world\u2019s offshore wind resource cannot be accessed by fixed turbines, meaning that cost-effective floating wind solutions must be developed. One Aberdeen-based firm that we\u2019re supporting is Axis<\/a> Projects, who have a new floating foundation solution centred on proven oil and gas technology.<\/p>\n