UK needs stable policy to become leader in global market for floating wind

The report covers four policy areas: licensing and consenting; subsidy and grant support; supply chain development; and grid connection. At the moment, the UK is at the forefront of developing floating offshore wind with the Hywind in Scotland project due to start operations later this year and another two projects undergoing planning consent. But stable policies are neccessary to keep the UK at the top of floating development. With current subsidy support for floating wind scheduled to end in October 2018, the report outlines several policy options which could be explored to safeguard continued support for future floating wind technology development and build on the progress to date.

Recommendations for policy and regulatory measures include:

• A viable support mechanism to secure the UK’s position as a world leader in floating wind.

• Clearly defined timelines for decision making through the consenting process to aid developer planning and increase investor confidence.

• Increased dialogue between stakeholders directly involved in and influencing the consenting process.

• Support for research and development activity to accelerate innovation and reduce costs.

• Support for infrastructure and other capital equipment to ensure a competitive supply chain is created to service the transportation, fabrication and installation of floating wind.