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    RWE AG - RWE underlines commitment to floating offshore wind in the Celtic Sea through new ‘Vision’ document


    March 22, 2023 - German Equity Markets (Web Disclosure) via PUBT

     

      • Offshore floating wind in the Celtic Sea could unlock 3,000 jobs and £682 million in supply chain opportunities by 2030
      • RWE is targeting the developmentat least 1GW of floating wind in the region
      • Using experience from demonstrator projects and partnerships with local supply chain to strengthen ambitions

      Wales, Wednesday 22 March, 2023

      RWE, the world's second largest offshore wind player and largest generator of clean power in Wales, has unveiled its vision for the future of floating offshore wind in the Celtic Sea region and the opportunities it presents from new large-scale, commercial projects. Entitled "RWE's Vision for the Celtic Sea", the document was unveiled during day one of the Marine Energy Wales conference, in Swansea, where RWE is the Platinum Sponsor.

      RWE sees floating wind technology as the next frontier in the development of the offshore wind sector, and which could potentially unlock a multi-billion pound opportunity for the broader Celtic Sea region and the UK.

      Studies anticipate the first GW of floating wind to be developed in the Celtic Sea could potentially deliver around 3,000 jobs and £682 million in supply chain opportunities for Wales and the south west of England. Against this backdrop, it's anticipated the technology could unlock a resurgence in Welsh industry, helping to decarbonise industry and transport, spur on academic innovation, and spearhead the growth of a new, highly skilled workforce.

      In order to deliver these bold ambitions, investment and a broad dynamic collaboration between business, industry, academia, and Governments in Wales and Westminster are required. RWE's vision document reaffirms the company's commitment to helping realise economic opportunities for the benefit of communities and the supply chain, by drawing upon its extensive knowledge gained from decades of leadership in offshore wind, and its emerging status as a front-runner in floating wind.

      The Crown Estate is holding its first Celtic Sea offshore leasing round later this year (2023) for the deployment of 4GW of new clean energy capacity between 2030 and 2035. RWE will be bidding into the auction with the aim of securing at least 1 gigawatt (GW) of installed capacity, to be developed throughout the 2020's.

      Tom Glover, UK Country Chair, RWE, explained: "The Celtic Sea region is pivotal to RWE's 'Growing Green' strategy in the UK, where we expect to invest £15 billion in clean energy infrastructure by 2030. Putting this plan to work in the region will help facilitate and forge the energy, industrial, societal and economic transformation urgently needed to meet the UK's net zero ambitions."

      RWE has already developed industrial collaborations to understand supply chain possibilities. These include a cooperation agreement withTata SteelUKto understand and explore the production of steel components that could be used in high-tech floating wind foundations and structures for projects in the Celtic Sea. The company has also signed agreements with ABP Port Talbot, the Port of Milford Haven and Marine Power Systems of Swansea, to explore opportunities for building the supply chain for floating wind.

      RWE is the largest power producer and renewable energy generator in Wales with more than 3GW of energy across 11 sites. If successful in the leasing round, RWE's Celtic Sea projects will also play a key role in the development of RWE'sPembroke Net Zero Centre, as well as decarbonizing wider industrial processes and transportation across South Wales.

      To view RWE's Vision for the Celtic Sea document, please feel free to visit the RWE booth at this year's Marine Energy Wales conference, or via the link herewww.rwe.com/celtic-sea

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      Disclaimer

      RWE AG published this content on 22 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2023 09:36:17 UTC.

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