Floating offshore wind has the potential to deliver cost effective, secure and safe low carbon energy for the UK from the mid 2020's according to the latest insights report published by the Energy Technologies Institute (ETI).
Analysis carried out by the ETI suggests that floating wind technology has the potential to deliver a levelised cost of energy of less than £85/MWh from the mid-2020s, allowing it to compete with the lowest cost forms of low carbon generation. Floating offshore wind technology can open up new commercially exploitable sites in deeper water relatively close to the shore which are currently inaccessible due to limitations in the depth to which fixed foundations can be deployed. The Floating Wind Technology Insight uses evidence from the ETI’s Energy System Modelling Environment (ESME) tool together with the findings from the ETI’s GBP 62 million Offshore Wind Programme.