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UK FINISHES INITIAL ROUND FOR FLOATING WIND ENERGY IN THE CELTIC SEA
DETAIL INFORMATION
The UK finalized its fifth round procedure for choosing projects, concentrating this initiative on advancing innovative projects in the Celtic Sea. The Crown Estate, responsible for managing offshore assets, refers to the contracts for projects as some of the largest in their category and a significant move toward establishing the UK's leadership in floating offshore wind power generation.
The initial two projects are being granted to Norway's Equinor and a joint venture named Gwynt Glas, formed by EDF Renewables and the Irish energy firm ESB. Each was granted rights to a seabed area that the Crown Estate assesses can sustain 1.5 GW. The strategy for an additional site for another 1.5 GW is still in progress, with the Crown Estate indicating it is exploring various possibilities and anticipates detailing the following actions by the end of September.
Equinor and Gwynt Gas must finalize contracts and initiate a multi-year process to obtain approval. The approval process is anticipated to span three to five years, with projects likely becoming operational in the early 2030s.