UK-based energy consultancy company Xodus Group has launched a three-year collaborative research project on the costs around floating offshore wind.
The study is a collaborative partnership between Xodus and the Universities of Edinburgh, Strathclyde, and Exeter as well as the Scottish Association for Marine Science (SAMS). To enable the best industry outcomes, Xodus is issuing an open call to developers and technology suppliers to engage with the study from the outset.
The project is expected to result in the development of a tool designed to assist in key decision-making for floating offshore wind projects. It will also create guidance to assist with project finance decision-making and to reduce uncertainties in floating offshore wind energy yield assessments.
The study will tackle the challenges and risks that project developers have in acquiring finance for floating wind projects and develop a methodology to use floating LIDAR data for bankable energy yield assessments.
The study will also explore the impacts of floating structures on modelling wind resource and incorporating the impact of met ocean conditions on site considerations.
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