Title
Improving the Bankability of Floating Wind

CoPED ID
42967c37-1805-4d36-a6cd-ce8de4c90f80

Status
Active

Funders

Value
No funds listed.

Start Date
Aug. 31, 2019

End Date
Aug. 30, 2023

Description

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Floating wind gained an initial foothold in Britain with the development of the first
floating windfarms at Hywind and Kincardine. The success of these endeavours has
generated a large amount of interest in the technology, both in academia and in
industry. Moreover, the recent consultation by the government on a ring-fenced scheme
for floating wind[1], along with the expansion of The Crown Estate leasing rounds to
deep water[2], mean that it won't be long before multi-megawatt floating wind farms
appear as attractive to project developers as their fixed bottom alternatives.
However, there is a large jump from demonstrator sites with 5 structures to commercial
arrays of over 100 units. The transition throws up numerous uncertainties at all stages of
the project lifetime, which in turn affect the financial assessment and bankability of
floating wind. The aim of this project is to tackle some of the issues currently affecting the
bankability of the technology.

University of Edinburgh LEAD_ORG
Xodus Group UK STUDENT_PP_ORG

Philipp Thies SUPER_PER
David Ingram SUPER_PER
Ben Moverley Smith STUDENT_PER

Subjects by relevance
  1. Estates of the crown
  2. History

Extracted key phrases
  1. Wind farm
  2. Initial foothold
  3. Crown Estate leasing round
  4. Project lifetime
  5. Bankability
  6. Wind
  7. Large jump
  8. Financial assessment
  9. Recent consultation
  10. Britain
  11. Numerous uncertainty
  12. Deep water[2
  13. Development
  14. Demonstrator site
  15. Technology

Related Pages

UKRI project entry

UK Project Locations
50 km
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