Floating offshore wind test site could provide UK economy with £690m boost

clock • 2 min read
Finished wind turbines from the Kincardine floating wind farm being towed into place | Credit: Statkraft, Cobra Group
Image:

Finished wind turbines from the Kincardine floating wind farm being towed into place | Credit: Statkraft, Cobra Group

Analysts estimate European Marine Energy Centre's proposed test site could offer substantial economic benefits and help wind developers test new technologies

A proposed 100MW floating offshore wind test and demonstration site off the coast of Orkney, Scotland, could provide an estimated £690m boost to the UK economy, according to a new analysis from the European...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

Crown Estate accused of 'outrageous profiteering' over offshore wind leasing fees

Crown Estate accused of 'outrageous profiteering' over offshore wind leasing fees

Greenpeace issues fresh legal threat against land manager over uncapped fees charged to offshore wind developers that it argues risk undermining the UK's clean energy transition

Michael Holder
clock 01 October 2026 • 5 min read
Amazon inks Scottish wind farm deal with Statkraft

Amazon inks Scottish wind farm deal with Statkraft

New PPA takes Amazon's total investment in carbon free energy in the UK to more than £3bn over five years

clock 30 September 2026 • 3 min read
Study: Increases in offshore wind seabed leasing fees 'threaten UK energy security'

Study: Increases in offshore wind seabed leasing fees 'threaten UK energy security'

Crown Estate faces fresh scrutiny over the fees it charges to offshore wind developers, as study warns license regime risks pushing up costs and slowing the clean energy transition

Michael Holder
clock 28 September 2026 • 5 min read