Outer Dowsing Offshore Wind Project, UK

Outer Dowsing Offshore Wind Project is a 1,500MW offshore wind power project. It is planned in North Sea, England, the UK. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2027.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Offshore	1,500	–	1,500	Announced	England, the UK	TotalEnergies

Description

The project is being developed by TotalEnergies. The project is co-owned by Green Investment Group and TotalEnergies, with their respective ownership stake of 50% each.

The project is expected to supply enough clean energy to power 1,394,000 households, to offset 2,344,176t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $6,987.45m. The turbines will be mounted on a fixed type foundation.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2027.

About TotalEnergies

TotalEnergies SE (Total), formerly Total SE, is an integrated global energy company that discovers, produces, refines and markets oil and gas, and also manufactures petrochemicals. It carries out drilling, oil and gas production, processing, transportation, refining and petrochemical production, storage and distribution of petroleum products and specialty chemicals. It conducts power generation and gas trading and operates in the renewable energy sector. Total supplies feedstock to refineries, charters ships and undertakes trading on various derivative markets. The company serves consumers in transportation, automotive, aerospace, energy, housing and manufacturing industries. It has operations in Asia-Pacific, Africa, Europe and Commonwealth of Independent States, the Middle East, and North and Central America. Total is headquartered in Courbevoie, France.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.