Europe Offshore Fleet has 105 Wind Farms

Offshore wind has a proven record of rejuvenating former industrial towns in Europe. Dickson gave the UK example of the Green Port in Hull, where offshore wind has brought €400m in investment and directly created 1,000 new jobs while providing a wide range of social initiatives to the local community.

And the European offshore success story keeps improving: offshore turbines are getting larger, their capacity factor has increased, while both CAPEX and auction prices continue to fall, which means more countries such as Poland are now embracing offshore wind.

Dickson stressed the importance of cooperation to enable the rapid growth of offshore wind. He pointed to the example of the North Seas Energy Cooperation. This initiative aims to establish offshore grid linking the ten countries in the North Seas region (Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden and the United Kingdom).

The North Seas Energy Cooperation is facilitating the cost-effective deployment of offshore wind while promoting interconnection between the countries in the region. This is exactly the sort of cooperation that will be required between States in the US to unlock the country’s vast offshore wind potential.

Dickson said that by its very nature, offshore wind tends to be fairly local:  blades and other materials tend to be made close to the market.  This usually brings a degree of specialisation: for example, Poland makes most of the foundations and cranes even though they don’t have any offshore wind farms yet, while Spain makes lots of towers.

Dickson pointed out about shared opportunities for both the US and Europe in floating wind: over 50% of both the EU’s and the US’s offshore wind potential lies in deeper waters. While the EU has always been the world’s floating wind energy hub, floating is now ready for commercial roll-out. Its potential in the US is significant.