Cornwall Floating Offshore Wind Accelerator Project represents a huge opportunity for Cornwall and South West England. It is set to transform the region into a world leader in floating offshore wind.
This pioneering project will spearhead the industrialisation of floating offshore wind in the South West of England. It will capitalise on the UK government’s announcement in October 2020 of the UK’s ambition to become a world leader in floating offshore wind.
Floating offshore wind (FLOW ) is a fast-growing regional and global opportunity.
This is a major opportunity that will create thousands of new jobs and position the South West at the forefront of global innovation in offshore renewables and floating wind.
Cornwall Floating Offshore Wind Accelerator Project is being led by Wave Hub Development Services Ltd, (the Cornwall Council-owned marine renewables research and technology organisation) in collaboration with the University of Plymouth, University of Exeter, the Offshore Renewable Energy (ORE) Catapult, with the support of the Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) and Cornwall Council.
Why is Floating Offshore Wind such a big opportunity for the Greater South West?
Floating platforms can access stronger winds in deeper waters than conventional fixed offshore wind turbines. The Celtic Sea (which is an area off the coast of Cornwall and West Wales and south of Ireland) has some of the best wind resources in Europe.
A report published in 2020 by ORE Catapult and commissioned by the Cornwall and Isles of Scilly LEP and the Welsh Government estimated that floating wind industry in the Celtic Sea could support 3,200 jobs in the South West and Wales and £682m of spend in the local supply chain by 2030, while powering hundreds of thousands of homes. Nationally, the floating wind industry could support 17,000 jobs and generate £33.6 billion of economic activity, with huge export potential.
Regular updates will be published on the new Celtic Sea Power website.