SOWEC’s Post

🌬️ YES SIR: UK Government Introduces Sustainability Rewards for Wind Firms in AR7 🌬️ In a bid to incentivize sustainability, the UK government announces 'Sustainable Industry Rewards' (SIR) for wind companies in the upcoming Allocation Round 7 (AR7) in 2025. By investing in the wind supply chain and embracing sustainability, firms stand to receive additional financial incentives. Despite initial skepticism, the move is seen as pivotal for bolstering the offshore wind sector's growth, promoting job creation, innovation, and economic development. With a clear commitment to renewable energy and £800 million allocated for offshore wind projects in AR6, the UK is poised for a greener future. #RenewableEnergy #Sustainability #UKGovernment #AR7 #WindEnergy

More good news this morning! We are thrilled to share that we won the Supply Chain Impact Award at the recent RenewableUK Global Offshore Wind Awards, for our significant impact on developing the supply chain. Forth Ports Limited is implementing an offshore wind, multi-port infrastructure strategy to address the UK’s port capacity challenges and significantly contribute to supply chain development, supporting the UK’s offshore wind ambitions. This proactive investment ensures that the UK can support developer projects and instil market confidence in the supply chain, with the necessary infrastructure to deploy offshore wind at both scale and pace. Infrastructure is the backbone of any industrial cluster. Our purpose-built port infrastructure not only captures project activity and fosters supply chain development but also facilitates the creation of manufacturing facilities. This presents a tremendous opportunity for the UK to transform project-based offshore wind activities into a long-term, sustainable industry, benefiting the green industrialisation of the UK and future generations. Alasdair Johnston Forth Projects Scotland #rukawards24 #renewable #offshorewind #supplychain

We are thrilled to welcome the new Industrial Growth Plan, which aims to increase the UK's offshore wind manufacturing capacity and establish the country as a global market leader.    Published by RenewableUK, The Offshore Wind Industry Council, The Crown Estate, and Crown Estate Scotland, the Industrial Growth Plan outlines a targeted approach to triple manufacturing capacity over the next decade, generating employment opportunities and securing the UK's leadership in international export markets.    The UK offshore wind industry already employs 32,000 people, and the measures set out in the plan would support an additional 10,000 jobs a year and boost the UK's economy by a further £25 billion between now and 2035.    Claire Mack, Chief Executive of Scottish Renewables, commented on the plan: "With an abundance of natural resources and a huge pipeline of projects, the UK stands on the cusp of a golden opportunity to build a world-class offshore wind supply chain. This will bring fresh investment to our shores, regeneration to our industrial heartlands and high-value jobs to communities across the country."    The plan is designed to provide a shared vision that enables industry, governments across the UK, and other funders to better align their investments to boost green jobs and manufacturing in the UK.   We look forward to following the progress towards achieving the targets in the plan and continue contributing to a greener, sustainable economy. See the full plan here: https://lnkd.in/e9f6E6Bm   #offshorewind #renewableenergy #industrialgrowthplan #ScotWind

Scotland's Green Volt project just secured a major win with offshore planning approval, setting the stage for one of Europe's first commercial-scale floating wind farms. This 560MW, 35-turbine venture is a giant leap towards slashing carbon emissions by a million tonnes annually - a robust push for our clean energy future. The successful approval speaks volumes of Scotland's commitment to innovation in renewable tech, reinforcing its standing as a hub for offshore wind excellence. With the North Sea Transition Deal pledges in sight, and significant economic opportunities waiting to be harnessed, this is a dawn of a new era. It's not just about powering up cleanly; it also sparks a potential cascade of job creation and cements Scotland's place at the crest of the floating wind wave. Let's watch this space as Green Volt propels us into a greener tomorrow. #RenewableEnergy #OffshoreWind #GreenInnovation #cleanenergy

RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published a detailed Industrial Growth Plan (IGP) which sets out how to triple offshore wind manufacturing capacity over the next ten years, establishing the UK as a leader in a surging global market. EnBW is very proud to have supported and contributed the development of the IGP. 🤝 With over 32,000 people already employed in the Offshore wind market industry, the IGP is aiming to create an additional 10,000 jobs per year boosting the UK economy by another £25 billion between now and 2035, if offshore wind deployment increases in line with the net zero targets of 5-6 gigawatts a year. 🌱   The IGP identifies strategic new factories and manufacturing capabilities which the UK should build up to protect against any supply chain risks and boost economic growth. It determines five key technology areas in which the UK should prioritise investment to secure value for the UK industry.   The Growth Plan also highlights the industry’s potential to drive technology innovation, accelerate deployment and cut environmental impacts even further by incorporating automation and AI technologies in new projects. ⚡ #offshorewind #netzero #energyforchange

Have you ever heard the story of how the unfortunately named DONG changed its fortunes? Some will have you believe that corporations in fossil fuels cannot pivot but that's not true all it takes is strategic thinking and purpose. Have you ever heard of company called Orsted? Ofcourse you have, they make windmills. This is the very short story of how Danish Oil and Natural Gas became Orsted and its relevant in light of recent news out of New York on a massive investment in green energy. In 1972 DONG was formed to manage gas and oil resources in the Danish sector of the North Sea. In 2006 EBITDA for DONG was 96% from fossil fuels and 4% from Renewables by 2020 it was 88% to 12% in favour of Renewables. This is a massive transformation. Why and How? It started in 2002 when DONG started a series of mergers and ended up with windfarm assets. In 2006 DONG was signed the UN Global Compact. At that time internally the entity was facing pressure from their biggest stakeholders the Danish people to get out of fossil fuels. Seeing the headwinds at the 2009 United Nations Climate Change Conference in Copenhagen, DONG Energy adopted the "85/15 vision" strategy, with the aim of changing from a company with 85% of activities fossil fuel based to a company 85% based on green energy activities. While this was facilitated in part by government subsidies and incentives it was somewhat jeopardized and also given urgency in 2012 when the company faced considerable financial challenges due to weakness in the gas markets, which saw its CEO change. This was followed by Goldman Sachs and Danish pension funds ATP and PFA coming on board as small percentage owners to aid the restructuring. What else did they do? Strategically the did the following: (1) Committed to energy transition through long-term strategy realignment, (2) A gradual de-risking and divestment plan was created and executed, (3) first mover advantage, (4) committed to a strong sustainability disclosure regime that was arguably thrust upon them by Danish law in 2009 but they embraced it. Fastforward to today state of NY announces the construction by Orsted and partners of the Sunrise Windfarm that will create enough energy to power 320,000 homes. Not too shabby. Anything is possible... https://lnkd.in/gUS3R6zQ

🌍 Historic Milestone: Denmark's Largest Offshore Wind Tender Launches! 🇩🇰 Today marks a groundbreaking day as Denmark has launched its largest-ever offshore wind tender. This ambitious initiative targets a minimum of 𝟲 𝗚𝗪 capacity across six sites, with the possibility to expand this to over 𝟭𝟬 𝗚𝗪 through an 'overplanting' option 📈. The tendered wind farms are located in the North and Baltic Seas and include the areas: 𝗡𝗼𝗿𝘁𝗵 𝗦𝗲𝗮 𝗜, 𝗞𝗮𝘁𝘁𝗲𝗴𝗮𝘁, 𝗞𝗿𝗶𝗲𝗴𝗲𝗿𝘀 𝗙𝗹𝗮𝗸 𝗜𝗜, 𝗮𝗻𝗱 𝗛𝗲𝘀𝘀𝗲𝗹ø. This tender supports Denmark's ambitious goals to not only power its own needs sustainably but also to export green electricity and produce green hydrogen, marking a pivotal step towards becoming 𝗘𝘂𝗿𝗼𝗽𝗲'𝘀 𝗴𝗿𝗲𝗲𝗻 𝗽𝗼𝘄𝗲𝗿𝗵𝗼𝘂𝘀𝗲 ⚡️. Shoreline Wind's office is located right in heart of the Port Esbjerg, right next to the North Sea I project area, perfectly placed to follow project development closely as it unfolds. Many of our users will be involved in the upcoming tender application rounds, and we are look forward to assist them by simulating various 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁 & 𝗜𝗻𝘀𝘁𝗮𝗹𝗹𝗮𝘁𝗶𝗼𝗻 (𝗧&𝗜) 𝗯𝗶𝗱 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 through our advanced digital offshore wind software. A truly remarkable day for the Danish green energy transition and a sustainable future 👏. #OffshoreWind #WindEnergy #Denmark #GreenTransition #DKGreen #DKEnergy 𝘗𝘩𝘰𝘵𝘰: 𝘋𝘢𝘯𝘪𝘴𝘩 𝘔𝘪𝘯𝘪𝘴𝘵𝘳𝘺 𝘰𝘧 𝘊𝘭𝘪𝘮𝘢𝘵𝘦, 𝘌𝘯𝘦𝘳𝘨𝘺 𝘢𝘯𝘥 𝘜𝘵𝘪𝘭𝘪𝘵𝘪𝘦𝘴.

EU Unveils Strategy for Smooth Sailing on Cross-Border Green Energy Projects Amid Europe's push towards renewables, the EU sets guidelines to resolve cost-sharing conflicts in mega projects like offshore wind farms. To read the entire article click on the link below https://bit.ly/4cAL7wK #eu #greenenergy #renewableenergy #climateaction #sustainabledevelopment #energytransition #offshorewind #cleanenergy #euinitiative #environmentalprotection #climatepolicy #globalgoals #greeneconomy #eugreendeal #lowcarbonfuture #crossborderprojects #energyefficiency #renewablefuture #euprojects #europeanunion #greentech

⚡ Ocean-based renewable energy has a significant role to play in decarbonisation efforts and sustainable economic transitions ⚡ Rapid uptake could deliver an estimated 10% of the emissions reductions necessary by 2050 to limit global temperature rise to 1.5 degrees, according to a report commissioned by the High-Level Panel for a Sustainable Ocean Economy. We were delighted to be joined by Erin Coldham, Chief Development Officer at Southerly Ten, at the recent Parliamentary Briefing on Australia’s sustainable ocean economy. Erin spoke to the economic and employment opportunities presented by offshore wind energy for regional communities in Australia currently in economic transition. “We have quite a fragile energy system that over 100 years was built up using a certain type of technology. We now have a challenge over the next 25 years to dismantle that existing system, and rebuild it with a mix of technologies in just a quarter of the time. There's really not a moment to lose and offshore wind represents a large-scale, step change in the renewable energy opportunity” Erin called for a national plan to grow offshore wind through supporting transmission and port infrastructure, regulatory processes and social license, and effective forums for collaboration between levels of government and industry. In a significant step forward for ocean-based renewable energy in Australia, Star of the South is one of six offshore wind projects to have received a feasibility license in the Gippsland Offshore Renewable Energy Zone after years of extensive community and government engagement. #fortheOcean UN Ocean Decade #auspol #oceaneconomy #blueeconomy #sustainableoceaneconomy #offshorewind #windenergy #renewableenergy

A first-of-a-kind methodology to standardise how the carbon footprint of an offshore wind farm is measured has been published today by the Offshore Wind Sustainability Joint Industry Programme (SUS JIP). The methodology will enable more accurate and standardised assessments of carbon footprints across the full lifecycle of offshore wind developments. It is applicable to fixed-bottom and floating offshore wind. It also has the potential to support carbon emission transparency on offshore wind projects, facilitating action on non-price criteria following recent changes to many international offshore wind auction requirements. https://loom.ly/NpBFffY #OffshoreWind #EnergyTransition #CarbonFootprint cc The Carbon Trust