Stark says UK power system needs £40bn a year investment
Chris Stark has said investment in the power system needs to nearly quadruple to more than £40 billion annually to meet UK decarbonisation targets.
Chris Stark has said investment in the power system needs to nearly quadruple to more than £40 billion annually to meet UK decarbonisation targets.
Building GW scale fixed and floating wind projects is a massive technical and commercial challenge with once-in-a-generation potential to transform the economies of coastal communities throughout the UK.
The UK’s Office of Gas and Electricity Markets (Ofgem) is inviting bids to own and operate prebuilt transmission infrastructure connecting the Sofia offshore wind farm to the onshore electricity grid.
Developers Flotation Energy and Vårgrønn have submitted the offshore consent application for their 1.35GW Cenos floating offshore wind farm.
Banchory-based Subsea Micropiles has secured £9.2 million of investment for its technology that it expects will support around 100 jobs over the next five years.
Orkney-based Green Marine UK will invest a seven-figure sum in a new subsea services department as it looks to secure a slice of the £270-million UK offshore wind opportunity.