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Developing offshore wind in the UK session at #innovationzero Ravneet Kaur from Offshore Renewable Energy Catapult is moderating and doing an amazing job 👏with fellow panellists including Gordon McIntosh , Susanna Isola , Zoe Barnes and Gary Connolly Key highlights👇 The UK has a long history in offshore wind, our vision from all those years ago (20+) is now a reality. We have now earned our place on the world stage of offshore wind. 💪🌍 The UK offshore wind sector continues to attract international investment and remains a market leader. If you work in the supply chain at the moment you are in the right place as there is a bottleneck in certain categories, which many of us are aware of 👀 After China the UK has the largest pipeline of projects in the world, but how do we ensure we deliver on this pipeline and help meet our 50GW by 2030 ambitions Following AR5 (☹️), what will AR6 bring? The million $ question. Lots of support going into the sector such as GIGA, SIRS and the roll out of the IGP. Hopefully this helps the industry move at pace which absolutely needs to happen. We have significant expertise in fixed bottom developments but what about floating, this is an opportunity and we need to make this happen. The new Offshore Renewable Energy Catapult floating centre of excellence in Aberdeen will certainly help move things forward. 📣The UK Government needs to signal long term investment 🙏 Plus infrastructure development, grid, visibility of leasing rounds and the consenting process, supply chain growth, innovation roll out at speed and skills (bottom line is we need more people in the industry) Let’s not forget that despite these ongoing challenges this is in fact an opportunity which UK Plc needs to capitalise on and we must drive UK and local content NOF and Energi Coast will continue to suppprt this industry and ensure our members have the best profile possible to tap into the supply chain opportunities that exist now and into the future #offshorewind #energytransition #netzrro #nof #energicoast

Learn more about SOWEC Scotland Offshore Wind Energy Council's "Strategic Investment Model webinar https://lnkd.in/eT4KXAZi Scotland has a globally significant offshore wind pipeline, with a set of projects set to deliver £30bn of value into Scotland. But to do this, first Scotland needs to ensure its ports and supply chain are ready. That will require investment and commitments from future customers - the offshore wind projects. However, offshore wind projects take many years to deliver, and can only contract with their supply chain shortly before offshore wind construction commences. This Catch 22 - ports need pre-investment to be ready for build out, but contracts come too late to act as a signal - is a challenge across the global offshore wind sector. Scotland's solution is simple - collaboration. The Strategic Investment Model (SIM) involves Scottish offshore wind projects working alongside the Scottish Government, Scottish Enterprise and its other agencies collaboratively. Offshore wind projects then work alongside a small group of port and supply chain projects to identify practical routes in which ports and supply chain companies gain confidence and certainty earlier on, opening up much needed investment. This webinar is for those wanting to understand the SIM and its impact in Scotland, as well as those who want to understand opportunities for greater collaboration in unlocking supply chain growth. At the webinar you will hear from those closely involved in the SIM talk about progress to-date, projects being supported and lessons learnt so far. #OffshorewindScotland #Offshorewind #AFLOAT2024

🌬 Big move for UK offshore wind! 💷 I'm excited to share some significant news for the UK's renewable energy sector. Mark Carney's Brookfield Group has just announced a £1.8bn investment in four of the UK's largest offshore wind farms, solidifying its commitment to a net-zero future. This stake represents 3.5GW of capacity, enough to power 3 million homes. 🌎 This landmark deal, which covers stakes in Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, is Brookfield's first foray into the UK offshore wind market. It's a powerful statement of confidence in the UK's renewable energy initiatives, especially during a time when the energy sector is under intense scrutiny and transition. Notably, this comes alongside Chancellor Rachel Reeves' inaugural Budget, echoing the government's push for decarbonisation by 2030. At Net Zero Evolution, we champion these kinds of bold commitments to sustainable energy. Investing in offshore wind isn't just good for the planet; it's a smart financial move that aligns with the future of energy. This development is a testament to the crucial partnerships needed to achieve our net zero goals. 🌱 What do you think about these ambitious investments in clean energy? How will they reshape our energy landscape? Let's discuss!👇 For more tailored recruitment and consultancy in the renewable sector, visit netzeroevolution.com. #RenewableEnergy #OffshoreWind #NetZero2050

RenewableUK - “Expanding the Horizon” The UK's Offshore Wind Industrial Growth Strategy The UK's Offshore Wind Industrial Growth Plan (#IGP) aims to significantly bolster the country’s offshore wind supply chain, aligning with national targets to enhance energy security and promote sustainable growth. Here are the core strategies and recommendations distilled from the plan: Strategic Overview: 🔹Supply Chain Enhancement: Accelerate and de-risk the supply chain expansion through targeted investment in critical technologies and infrastructures. 🔹Market Expansion: Boost domestic and international market shares by leveraging advanced technologies and fostering innovation. 🔹Collaboration and Partnerships: Establish a new Delivery Body to synchronise efforts across government, industry, and stakeholders to drive the execution of the growth plan . Key Recommendations: 🔹Investment in Infrastructure: Address the urgent need for robust port and grid infrastructure to support the growing deployment of offshore wind projects. 🔹Innovation Promotion: Create an innovation-friendly environment through the establishment of the Offshore Wind Innovation Development and Demonstration (WInDD) Hub and the Advanced Turbine Technology Institute . 🔹Risk Mitigation for Investors: Develop strategies to de-risk investments, ensuring a stable and attractive market for domestic and foreign investors. 🔹Enhanced Capability and Capacity Building: Focus on expanding the UK's research and development capabilities to maintain a competitive edge in emerging offshore wind technologies . 🔹Implementation and Monitoring: - Execution by the Delivery Body: A central Delivery Body will coordinate the IGP’s implementation, aligning strategic funding and monitoring progress against set goals . 🔹Funding Mechanisms: A mix of public and private funding, including a proposed joint industry fund, to support investment priorities over a planned 5-year period. 🔹Regular Review and Adaptation: Continuous assessment and adaptation of the plan to address emerging challenges and opportunities in the offshore wind sector . Conclusion: The 2024 Offshore Wind Industrial Growth Plan sets a proactive framework aimed at reinforcing the UK's position as a leader in offshore wind technology and industrial capacity. This strategy not only promises significant economic benefits but also aligns with global environmental goals. Engage with the Plan: #OffshoreWind #IndustrialGrowth #SustainableEnergy #UKWindSector #EnergySecurity #InnovationLeadership For further insights and ongoing updates on the UK's offshore wind strategy, engage with the industry's thought leaders and stay tuned to governmental updates. <🔗 https://lnkd.in/eD_ftPDV>

The UK Government and The Crown Estate have formed a new partnership that aims to deploy 20-30 GW of offshore wind developments by 2030. Prime Minister Keir Starmer and Energy Secretary Ed Miliband today announced plans to form a new publicly-owned state energy company called Great British Energy, backed by £8.3 billion in new funding over this Parliament, to invest in and own clean power projects across the UK. Great British Energy’s first significant collaboration is with The Crown Estate, which manages a £16 billion portfolio of land and seabed in the UK. The Great British Energy-Crown Estate partnership is expected to result in 20-30GW of new offshore wind developments reaching the seabed lease stage by 2030. “The starting gun has been fired, and the race is now on for the UK to become a global clean energy superpower, delivering cheaper bills to British households,” Greg Jackson, Founder and CEO of Octopus Energy, said in response to the UK Government’s Great British Energy announcement. “We’re particularly excited about the potential to speed up grid connections, which will allow us to build cheap green generation quickly. This will accelerate connections to new homes, factories, and data centres, thereby lowering bills and improving productivity.” With Great British Energy, the UK government aims to leverage up to £60 billion of private investment in support of the country’s plans to secure energy independence. The Great British Energy-Crown Estate partnership will look to expedite offshore wind project developments, reducing the time to operational status by up to 50%. Great British Energy will take on early development work for these projects, reducing risk for developers and enabling faster build-out and investment, while also supporting the growth of new technologies like carbon capture, hydrogen, wave, and tidal energy. The government is introducing two Bills in Parliament to provide both Great British Energy and The Crown Estate with the powers needed to achieve a rapid delivery of its green goals. "This agreement will drive up to £60 billion in investment into the sector, turbocharging our country toward energy security, the next generation of skilled jobs, and lowering bills for families and business," commented Prime Minister Keir Starmer. #cleanenergy

Long term offshorewind development in UK : UK has a plan ! RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published an Industrial Growth Plan, setting out how to triple offshore wind manufacturing capacity over the next ten years in the UK. The UK offshore wind industry already employs 32,000 people and each new large offshore wind farm adds GBP 2-3 billion to the economy. Employment is set to rise to over 100,000 by 2030 and investment in new offshore wind projects is expected to create an economic opportunity worth up to GBP 92 billion for the UK by 2040. The measures set out in the Industrial Growth Plan (IGP) would create an additional 10,000 jobs a year and boost the UK’s economy by a further GBP 25 billion between now and 2035, if the offshore wind deployment is accelerated in line with the country’s net zero targets to 5-6 gigawatts a year, the report states. The UK has the second-largest global pipeline of offshore wind projects at all stages of development at nearly 100 GW – more than six times our current capacity. The IGP also identifies five key technology areas in which the UK should prioritise investment to secure value for UK industry. These include the design and manufacture of offshore wind blades and turbine towers, foundations, cables and other key components and services for projects here and abroad. 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. It sets out plans to expand testing facilities for cutting-edge technology, such as new materials for blades and designs for floating offshore wind platforms, as part of a focus on Research and Development at a potential new Advanced Technology Institute and a new National Innovation Hub, working in harmony with UK’s Catapult network. The plan aims to provide a shared vision which enables industry, governments across the UK and other funders to better align their investments to boost green jobs and manufacturing in the UK. The plan envisages mobilising nearly GBP 3 billion of funding nationwide, with private finance doing the heavy lifting. This is expected to bring a return to our economy of just under GBP 9 for every GBP 1 invested. ”Establishing this supply chain will take co-ordination and collaboration across UK governments and industry, and the IGP provides the detail needed to target those areas where we can have the biggest impact,” Gus Jaspert, Managing Director, Marine at The Crown Estate, said...: https://lnkd.in/eBK_XSJd

The Offshore Wind Industry Council, The Crown Estate, Crown Estate Scotland and RenewableUK have today published a detailed Industrial Growth Plan, setting out how to triple the UK’s #offshorewind manufacturing capacity over the next ten years. Responding, Chief Executive Claire Mack, said: "Behind every industry success story is a strong supply chain. 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 Industrial Growth Plan charts a clear course for the collaboration needed between governments and industry in the years ahead to seize that unrivalled economic opportunity. “Scottish Renewables is proud to have contributed to this landmark publication which provides invaluable insight and detail on the strategic investments required to support the delivery of Scotland's enormous offshore wind potential. "We look forward to supporting the development of effective collaboration on investment, infrastructure and innovation to ensure we maximise the benefits of the clean energy transition." https://lnkd.in/dinCKPsX #renewables #supplychain #energytransition

Although Australia and RWE’s headquarters couldn't be farther apart, we are a perfect match. The country has ideal conditions for renewables and ambitious expansion targets — and we are happy to help achieve them.   In a recent meeting with the Australian Ambassador to Germany, Natasha Smith (GAICD), we took the opportunity to discuss how we can further strengthen our partnership. Alongside operating our 249 MWac Limondale Solar Farm and building a co-located 8-hour battery storage project in New South Wales, RWE is also developing the Theodore Wind Farm, which will feature up to 170 turbines paired with energy storage. And our pipeline keeps expanding.   However, our cooperation with Australia isn’t only about large-scale projects. Germany and Australia face similar challenges like slow grid connections and lengthy permitting processes, while a focus on early and continuous efforts in community engagement is shared across both countries — therefore we can learn a lot from one another.    For example, Australia’s Integrated System Plan – a comprehensive planning process for the new grid infrastructure needed to connect new renewable projects to service future demand – is a great example of government forward planning to improve the investment environment. While Germany’s mapping and declaring of acceleration areas for wind and PV development, where streamlined environmental approvals apply, could serve as a model as Australia looks to reform its planning laws. Bureaucracy remains a significant hurdle in the energy transition, and smart policymaking is essential to overcoming it.   Thank you, Natasha, for the insightful conversation. I’m looking forward to my next visit Down Under and to sharing more progress on our Australian projects.

TagEnergy reached financial close on the second stage of its A$4 billion ($2.6 billion) Golden Plains Wind Farm in Victoria, Australia. The 1.333 GW Golden Plains Wind Farm will comprise the 756 MW Stage 1 and 577 MW Stage 2 projects, which is set to deliver 9% of Victoria’s energy when completed in mid-2027. TagEnergy secured non-recourse finance from a global group of lenders, including: the Clean Energy Finance Corporation, Commonwealth Bank of Australia, Westpac, Export and Investment Fund of Denmark, Mizuho Bank, Natixis Corporate & Investment Banking, Bank of China, and Deutsche Bank. After completing the financing, TagEnergy launched construction work on Stage 2 of the project, featuring 93 wind turbine generators, with Vestas in place to deliver the EPC contract. “We couldn’t be prouder to be delivering the largest wind farm in the Southern Hemisphere,” said TagEnergy’s Managing Partner – Australia, Andrew Riggs. “This mega-project materially improves Victoria’s energy security, puts downward pressure on electricity costs and dramatically reduces carbon pollution. Together with our partners, we are accelerating the energy transition." CEFC CEO Ian Learmonth added: “In a further demonstration of the success of our innovative ‘bridge to contract’ finance, CEFC capital will enable construction to begin before Stage 2 secures power purchase agreements, ensuring faster deployment of clean, green power to Victorian consumers. This strategy helped fast track construction of Stage 1, which has subsequently contracted 60 per cent of its energy.” Golden Plains Wind Farm Stage 1 (approximately 25% complete) is expected to start producing green energy in Q1 2025, with Stage 2 to follow in mid-2027. Once online, Golden Plains Wind Farm will provide enough clean energy to power more than 750,000 homes, or the equivalent of every home in regional Victoria. TagEnergy and the lenders were advised by White & Case LLP, Lazard Australia, Chatham Financial, Aurora, Unity Willis Towers Watson, Aurecon, RINA, ClayMatter, KPMG, KWM, BMS Group, and Kromann Reumert. #cleanenergy

Scotland's offshore wind sector is to receive £150 million of government investment to help leverage £1.5 billion of private investment for the infrastructure and manufacturing facilities needed to grow the sector 💸📈 The Scottish Government also announced plans to establish an offshore wind hub in Aberdeen, which will support agencies and industry bodies to streamline the planning system for offshore renewables projects. Welcoming the news, Myrtle Dawes, Chief Executive of Aberdeen-based Net Zero Technology Centre, said: "For decades, Aberdeen and the north-east have been at the forefront of energy innovation, with talent, technology and wind power in abundance. "Scotland has the necessary ingredients to become the net zero capital of Europe." Read more 👉 https://ow.ly/J5Ge50Umjmr #ScotlandIsNow #OffshoreWind