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UK Floating Offshore Wind Could be Subsidy-Free by 2030
Written by AZoCleantechJan 27 2021
UK floating offshore wind could reach “subsidy-free” levels by the early 2030s, according to a study completed by the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE).
The last turbine for the Hywind Scotland project sets sail from Stord, Norway. Image Credit: yvind Gravs / Equinor
The
Floating Offshore Wind: Cost Reduction Pathways to Subsidy-Free study suggests large floating offshore wind projects could secure Contracts for Difference (CfD) strike prices below current wholesale electricity price forecasts as early as 2029, depending on the deployment scenario pursued by the UK. ....

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