Offshore staff
LONDON — The UK’s The Crown Estate has introduced its Supply Chain Accelerator.
This is a £50 million ($63.87 million) fund designed to help speed up and de-risk early-stage development of projects linked to offshore wind.
An initial £10 million ($12.77 million) is currently available for Expressions of Interest for businesses looking to establish UK projects that could support development of a supply chain capability for floating offshore wind in the Celtic Sea offshore western Britain.
Earlier this year, The Crown Estate’s Celtic Sea Blueprint predicted that 5,300 jobs could be generated through deploying the first floating offshore wind capacity from the current Leasing Round 5 process, in waters offshore South Wales and southwest England.
This research highlighted the need for development of floating platform components; dynamic cables and connections; wet storage infrastructure and facilities; operations and management infrastructure and facilities; and skills transition facilities.
The initial tranche of the funding round will provide matched funding of up to £1 million ($1.28 million) for early-stage development expenditure, with the Crown Estate potentially looking at participating in the capital investment phase.
In mid-June, the application process will formally open, closing at the end of July. Successful projects will be announced from October.
05.28.2024
