Wind power developer, Mainstream Renewable Power and Maple Power are jointly exploring the Celtic Sea Floating Offshore Wind Tender in the United Kingdom, which will launch in 2023.
The crown is exploring the Celtic Sea seabed leasing tender for wind, which it anticipates will deliver 4 gigawatts (GW) of renewable energy by 2035. The region could also generate an additional 20 GW by 2045, which would help the UK transition to renewable energy.
Maple Power is a joint venture between Enbridge (TWX:ENB) and Canada Pension Plan Investment Board (CPP Investments). Together, it and Mainstream bring sector knowledge and experience with financial capability to target commercial-scale floating projects. The combination will contribute to supply chain development, innovation and renewable energy growth in the UK.
“The Celtic Sea can play a leading role in reaching the UK’s Net Zero ambitions, while providing renewable energy for green value chains in Wales and beyond through its proximity to key industry,” said Tove Røskaft, head of offshore wind at Mainstream.
The Celtic Sea refers to the body of water around the South Wales coast and the Southwest peninsula within the UK. It’s also roughly an area of 300,000 square kilometers.
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Maple Power has a strong presence in France
Maple Power has been floating offshore wind since 2019. The team originally started with the co-development of the Provence Grand Large project in France, and has since developed over 2 GW of offshore wind projects across Europe.
Mainstream has 20 per cent of the UK’s offshore wind capacity either in operation or under construction. Some of these projects include Hornsea One (1.2 GW), Hornsea 2 (1.4 GW) and Neart na Gaoithe (450 megawatts).
Also, Mainstream is a major shareholder of floating technology provider, Principle Power, through its recent combination with Aker Offshore Wind. It’s enjoyed an early mover advantage in floating wind. Additionally, it’s been developing gigawatt scale projects in South Korea (1.2 GW) and Scotland (1.8 GW) with its partners.
“I believe Mainstream and Maple Power bring together highly complementary capabilities and experience which will support us well in our aim to bid on and develop floating offshore wind in the region.”
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