Connect with us

Hi, what are you looking for?


Floating windfarms could be hosted off Cornwall and Wales, crown estate says

Floating windfarms could be built off the coasts of Cornwall and Pembrokeshire after the Queen’s property manager identified a clutch of sites in the Celtic Sea that could host them.

The crown estate, which generates money for the Treasury and the royal family, has published five “areas of search” that will be narrowed into development plots to host wind power generation.

Once the project development areas have been agreed, they will be offered to businesses through a tender process, which is due to be launched in mid-2023.

The crown estate hopes these areas will deliver 4 gigawatts of floating offshore wind power by 2035, fuelling almost 4m homes.

Offshore windfarms are typically built in the seabed close to the shore. The structures that could be hosted in the Celtic Sea allow turbines to be installed on floating concrete and steel platforms, which are anchored to the seabed using flexible anchors or cables and sit just above or below the waterline.

The innovation means they can be located in deeper water, creating less opposition from local residents and businesses onshore who dislike the presence of wind turbines on aesthetic grounds. It also means the structures benefit from stronger winds and are less likely to cause conflict with fishing fleets, or disruption to birds’ nesting grounds and naval bases.

The crown estate said it had identified the areas of search by studying various factors including “navigation routes, fisheries activity and environmental sensitivities”. The windfarms will not be visible from land apart from one potential site north of the Isles of Scilly, it said.

In a meeting with interested parties earlier this year, concerns were raised over whether the floating windfarms would cause problems for fishing equipment on vessels fishing crab and lobster in the area. There were also calls for the size of the buffer zones between the farms and nearby boats to be expanded.

The windfarms could also be co-located with carbon capture and storage schemes or coordinate activities with telecoms cabling projects, stakeholders said.

Last month, the crown estate said a record-breaking auction of plots for offshore windfarms had pushed up the value of its marine business by 22% on last year to £5bn.

Separate to its ambitions in the Celtic Sea, the estate awarded licences for six offshore windfarms off the coast of England and Wales that could generate up to £9bn over the next 10 years. The successful bidders included Germany’s RWE Renewables and a consortium, which includes the oil company BP.

Profits for the crown estate, jumped by £43.4m to £312.7m in the year to the end of March.

The estate hands all of its profits to the Treasury before 25% is returned to the royal household in the form of the sovereign grant, a funding formula that is under government review. The grant was increased in 2017 from its previous level of 15% to pay for extensive renovations at Buckingham Palace.

Huub den Rooijen, the managing director marine at the crown estate, said: “The Celtic Sea has the potential to become one of the great renewable energy basins of the world, bringing economic growth and abundant clean power.”

The energy minister, Greg Hands, said: “We already have the largest offshore wind deployment in Europe. Floating technology is key to unlocking the full potential of our coastline.”

Earlier this year the crown estate’s Scottish arm auctioned sea space to 17 projects, with most of the capacity earmarked for offshore wind. The first floating offshore windfarm has been in operation off Scotland since 2017.

Read more:
Floating windfarms could be hosted off Cornwall and Wales, crown estate says

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



PayMaya, the country’s largest processor of merchant payments, has relaunched its enterprise brand as Maya Business. The new Maya Business seamlessly integrates omnichannel payment...


SM Investments Corp. sees a brighter consumer outlook, fueled by sustained confidence in retailing Increased shopping activity, which was unleashed by the loosening of...


By Chelsey Keith P. Ignacio Filinvest Land, Inc. (FLI) registered an increase in its revenues as well as housing and condominium sales in the...


A master-planned community anchored on wellness, sustainability, and business growth awaits those wanting to enjoy the ‘island life’ in Megaworld’s Paragua Coastown By Jules...


By Chelsey Keith P. Ignacio Education can open the doors to abundant opportunities, from achieving one’s dream, helping the family, or even contributing to...


Sustainability has transcended trends and has become somewhat of an art form in itself. In business, it has now been refined to qualify as...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


Instagram still holds the top spot for social media in terms of building brand reputation and expanding business potential. Every day, more and more...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.