Floating Offshore Wind: Cost Reduction Pathways to Subsidy Free
Floating offshore wind will play a key role in the UK achieving its net zero ambition in 2O5O. The scale of this role will be defined by Government policy and cost reduction in the broader offshore wind industry.
In this report, we aim to map the pathway to subsidy-free floating offshore wind in the UK. The potential scale of deployment is huge, with a wide geographic spread of projects in waters around Scotland, Wales, the South West and North East of England. Based on GIS mapping, we identify potential zones for floating offshore wind development and establish deployment profiles that meet, and exceed, targets for Net Zero.