This insight is more than 3 years old
Clean power
Just transition

Floating Offshore Wind Manufacturing Investment Scheme

Date
July 15, 2022

Table Contents

At a glance

This response is based on our experience engaging with the Celtic Sea APPG, the Celtic Sea Cluster, key industrial and supply chain stakeholders, The Crown Estate, BEIS and National Grid.

It draws on our previous work in offshore wind, including:

  • Regen's floating offshore wind supply chain opportunity analysis for the Heart of the South West LEP and Devon County Council, in partnership with North Devon and Torridge District Councils, focuses on the key strengths and capabilities for the region to support FLOW development in the Celtic Sea. Regen identified practical areas for collaboration with other stakeholders across the South West, South Wales and Ireland, recognising the existing maritime clusters and strong skill capability already present within the region.
  • Go West!, a study exploring and quantifying the system benefits of an evenly distributed offshore wind supply, specifically looking at floating developments across north west Scotland and within the Celtic Sea, incorporating Irish wind farms. The rationale to accelerate the deployment of floating wind in the west is in part to deliver the UK’s net zero commitments and to provide a more balanced and robust energy system, and in part a means to ensure the socio-economic benefits of floating offshore wind are realised across the UK.
  • A market review of clean propulsion systems for the University of Exeter, focusing on the potential economic opportunity for the South West from clean maritime propulsion. This covered the potential market for clean vessels within the FLOW sector, building on work by the Offshore Renewable Energy Catapult.

Key takeaways

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