The Anonymous Widower

100 MW Scottish Floating Wind Project To Deliver Lifetime Expenditure Of GBP 419 Million

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub heading, that gives more details on lifetime expenditure and full-time equivalent (FTE) jobs created.

The 100 MW Pentland Floating Offshore Wind Farm in Scotland is estimated to deliver lifetime expenditure of GBP 419 million in the UK and to support the creation of up to 1,385 full-time equivalent (FTE) jobs.

It does seem these figures have been compiled using the rules that will apply to all ScotWind leases and have used methods laid down by Crown Estate Scotland. So they should be representative!

Does it mean that a 1 GW floating wind farm would have a lifetime expenditure of £4.19 billion and create 13, 850 full-time equivalent (FTE) jobs?

This article from Reuters is entitled UK Grid Reforms Critical To Hitting Offshore Wind Targets and contains this paragraph.

The government aims to increase offshore wind capacity from 11 GW in 2021 to 50 GW by 2030, requiring huge investment in onshore and offshore infrastructure in England, Wales and Scotland.

If I assume that of the extra 39 GW, half has fixed foundations and half will float, that means that there will be 19.5 GW of new floating wind.

Will that mean £81.7 billion of lifetime expenditure and 270,075 full-time equivalent (FTE) jobs?

Conclusion

It does seem to me, that building floating offshore wind farms is a good way to bring in investment and create full time jobs.

 

November 22, 2022 - Posted by | Energy, Finance | , , , , , ,

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