Floating Offshore Wind Manufacturing Investment Scheme consultation

News article

Request for information to better understand opportunities available to support to the deployment of floating offshore wind in the UK

The Department for Business, Energy & Industrial Strategy (BEIS) has announced an open consultation on the future of support for floating offshore wind.

Offshore wind provides affordable, secure, domestically generated electricity and will play a key role in decarbonising the UK power system by 2035, achieving net zero by 2050.

The government announced in the British Energy Security Strategy that the UK's ambition is to deliver up to 50GW of offshore wind by 2030, including up to 5GW of innovative floating wind.

However, as it stands, the UK needs further investment to improve the capacity (both in terms of manufacturing and infrastructure) to deploy and service the scale of the floating offshore wind pipeline.

In light of this, up to £160 million will be made available for investment in port and manufacturing developments that bring the UK closer to scaled-up deployment of floating offshore wind to meet deployment ambitions and wider net zero objectives.

BEIS is requesting information to better understand opportunities available to support to the deployment of floating offshore wind in the UK, to better understand how they can most effectively use this capital investment.

Find out more about the Floating Offshore Wind Manufacturing Investment Scheme: request for information and how to respond.

The consultation closes at 23:45 on 15 July 2022.


First published 24 May 2022