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January 12, 2022

EDF Renewables UK and DP Energy to develop floating wind project

The Gwynt Glas floating wind project is expected to generate enough electricity to power around 927,400 households.

The British branch of clean energy firm EDF Renewables has formed a joint venture with Irish renewable project developer DP Energy to generate up to 1GW of wind power from a project in the Celtic Sea.

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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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EDF said that the Gwynt Glas floating offshore wind project will support the Crown Estate’s aim to unlock up to 4GW of capacity in the Celtic Sea.

An area of around 1,500km², located almost 70km from the shore, has been identified for the Gwynt Glas project.

Initial remote aerial surveys for marine mammals and birds have been underway since early last year.

Over the coming weeks, the project team will carry out consultations with stakeholders and interested parties to refine the proposed location.

Upon its completion, the Gwynt Glas floating offshore wind power project is expected to generate enough electricity to power around 927,400 households.

EDF Renewables UK Offshore Wind head Scott Sutherland said: “We firmly believe Gwynt Glas will be a catalyst for further supply chain growth across the UK, which is something we as a company are very supportive of.

“We will use our experience in offshore wind to help bring opportunities for local, regional and national companies on this project and on others, such as our Blyth floating project and the two we are bidding for in the ScotWind process.”

DP Energy CEO Simon De Pietro said: “In our partners, we look for organisations that are as committed as we are to combatting climate change.

“With EDF Renewables UK, we have found a strong ally to develop Gwynt Glas, who place a strong emphasis on capturing the regional supply chain and local community opportunity, alongside protecting our environment.”

EDF Renewables operates a portfolio of 37 renewable energy sites, including onshore wind, offshore wind and battery assets.

Last January, the company’s North American branch acquired EnterSolar, a US-based commercial distributed solar generation provider.

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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.
by GlobalData
Enter your details here to receive your free Report.

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