Floating Offshore Wind: Cost Reduction Pathways to Subsidy Free

The last 10 years have seen a remarkable transformation in the offshore renewable energy sector, and ORE Catapult has been at the very heart of that. In that time, we’ve seen the cost of offshore wind slashed by about 70% and over 1000 offshore wind turbines installed in UK waters. New innovative technologies, such as floating offshore wind and tidal stream energy have become major players in the race towards net zero and offshore renewable energy has become a key cornerstone of the UK’s energy mix.