- Published: 07 July 2021 07 July 2021
The company tasked with leading the development of floating offshore wind energy in the seas around Cornwall is to be known as Celtic Sea Power. Formerly called Wave Hub Development Services, the Cornwall Council-owned company has changed its name to better reflect its future role, which includes attracting large scale floating wind projects to the Celtic Sea and capturing the economic benefits for the Cornish economy.
Celtic Sea Power is about to complete the sale of the Wave Hub offshore renewable energy test facility to Swedish floating windfarm developer and technology provider Hexicon. Hexicon will use the Wave Hub site and infrastructure off Cornwall’s north coast for TwinHub, a 30-40MW floating offshore wind project using its twin-turbine platform. Celtic Sea Power has estimated that over 70% of the UK’s energy needs could be met by the energy resource in the Celtic Sea. Installing 3GW of power could create over 1,500 primary jobs and the export market for floating wind could be worth £3 billion by 2030, generating net additional GVA of £900m.