In one sense it is a renewable energy scheme that ticks all the wrong boxes. The idea is to help the North Sea oil industry survive longer by saving oil rigs money. In another way the development is a great leap forward. Altogether 200 turbines are planned in three offshore wind farms that, without any public subsidy, will produce as much power as three large nuclear power stations. The three floating farms will be able to provide the forest of oil platforms in the North Sea with all the electricity they need, and also to produce surplus energy to supply large amounts of green hydrogen for sale. The developer, Cerulean Winds, believes the key to the scheme’s success lies in the oil industry’s current need to use expensive gas piped to its platforms to generate the electricity needed to light and power its operations and pump the oil ashore. By selling the industry cheaper wind energy, it judges that it can make a profit without government subsidy, thereby avoiding months of negotiation and red tape.
Climate News Network 12th July 2021 read more »