Wave heights pose risks for floating firms
January 27, 2022
Floating offshore wind has reached an inflection point in its global growth.
The sector’s eyes were on Scotland at 10am local time as the Crown Estate Scotland shared the winners of the ScotWind seabed tender.
The new year chimes had barely finished ringing when Germany and Austria hit out at European Union plans to label nuclear and natural gas as ‘green’.
It is three weeks since Danish turbine giant Vestas revealed it had fallen victim to a major cyberattack. While the company said it was able to get most of its IT systems back up within a fortnight, the revelations have kept coming.
“The opportunity to be at the beginning of an industry in my home country Ireland was too great a chance to miss.”
Last week, Kimberly-Clark signed a power purchase agreement with Octopus Renewables Infrastructure Trust that will lead to the construction of a wind farm in Scotland that will power 80% of the company’s UK electricity needs.
US onshore wind is poised for phenomenal growth this decade because of policies in the Biden administration’s Build Back Better Act.