Draft:Flotation Energy
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| Industry | Renewable energy |
|---|---|
| Founded | 2018 |
| Founders | Allan MacAskill, Nicol Stephen |
| Headquarters | , |
Key people | Nicol Stephen (CEO) |
| Products | Electricity generation and development. |
| Parent | TEPCO Renewable Power |
| Website | flotationenergy |
Flotation Energy is an offshore wind developer headquartered in Edinburgh, Scotland[1].
It has a global portfolio that includes projects being developed with both Floating wind turbine and fixed-foundation turbine technologies, with a presence in the UK, Ireland, Taiwan, Japan and Australia[2].
Whilst Flotation Energy develops projects independently, it also recognises the value of partnership and collaboration, evidenced through its joint venture partnerships with other strategic developers[3].
History
[edit]Flotation Energy was founded by Allan MacAskill and Lord Nicol Stephen in 2018[3], building on their previous experience developing the Kincardine Offshore Windfarm and other renewables projects.
In 2014, Allan MacAskill and Nicol Stephen, co-founded Pilot Offshore Renewables Ltd to deliver the Kincardine Offshore Windfarm, a 50 MW floating test and demonstration offshore wind farm project located 15 km off the coast of Aberdeenshire[4]. Construction began in 2017, and it became fully operational in 2021.
The Kincardine Offshore Windfarm was the world’s first grid-connected floating offshore windfarm[5], and MacAskill and Stephen drew upon previous renewables experience during its development.
Allan MacAskill also conceived and developed the Beatrice Offshore Wind Farm. Built in 2007, with two turbines and a total capacity of 10 MW, the Beatrice Offshore Wind Farm was designed to examine the feasibility of building a commercial wind farm in deep water.
In November 2022, Flotation Energy was acquired by TEPCO Renewable Power, part of the Tokyo Electric Power Company [6] .
Projects
[edit]Flotation Energy is currently developing projects in the UK, Europe and the Asia-Pacific region[2].
Green Volt
[edit]The Green Volt Offshore Windfarm is a proposed floating offshore wind farm located in the North Sea 80 km east of Peterhead. The project is expected to include up to 35 floating wind turbines and have a nominal capacity of 560 MW[7] . The wind turbines will be located on the site of the decommissioned Ettrick and Blackbird oil and gas fields.
In addition to delivering electricity to the UK national grid, the project is designed to enable the oil and gas facilities in the Outer Moray Firth to be powered by renewable electricity.
In March 2023, Crown Estate Scotland announced that Flotation Energy and Vårgrønn, had been selected as part of the Innovation and Targeted Oil & Gas Leasing Round to develop seabed areas for a total of up to 1.9 GW of floating offshore wind capacity across two projects[8]. The two projects, Green Volt and Cenos align with and support UK North Sea Transition Deal, a sector deal between the oil and gas industry and UK government that was signed in March 2021.
On 21 March 2024, consent was granted by Aberdeenshire Council for onshore elements of the Green Volt project under the Town and Country Planning (Scotland) Act 1997 [9].
On 19 April 2024, consent was granted for offshore elements of the Green Volt project by the Scottish Government under section 36 of the Electricity Act 1989, and marine licences under section 20 of the Marine (Scotland) Act 2010 and section 65 of the Marine and Coastal Access Act 2009[10] .
In April 2024, Crown Estate Scotland entered into an Option Agreement with Flotation Energy and Vårgrønn for the Green Volt project, following the grant of marine licences and a Section 36 consent from Scottish Ministers[11] .
In September 2024, the Department for Energy Security and Net Zero announced that Green Volt had been awarded a Contract for Difference as part of the UK Government’s sixth Allocation Round, with the Secretary of State for Energy Security and Net Zero, Ed Miliband describing the project as the “largest commercial floating offshore wind project in the world”[12].
Morecambe Offshore Windfarm
[edit]The Morecambe Offshore Windfarm is a proposed offshore windfarm located in the eastern Irish Sea, in water depths of 18 – 40 metres[13] . The project is expected to have a nominal capacity of 480 MW and to make use of up to 35 fixed foundation wind turbine generators[14] .
In 2021, the Crown Estate announced the outcome of the latest round of its process for awarding leases for seabed sites for the development of offshore wind projects, known as Offshore Wind Leasing Round 4[15].
As part of this process, joint venture partners Cobra and Flotation Energy were selected together as the preferred bidder for a seabed lease for a new offshore wind project in the Irish Sea[16]. In January 2023, the Crown Estate announced that it had signed an Agreement for Lease with Cobra and Flotation Energy for the Morecambe Offshore Windfarm[17].
As the Morecambe Offshore Windfarm is an offshore generating station with a capacity of more than 100 megawatts, it is classed as a nationally significant infrastructure project under the Planning Act 2008. In October 2022, the Secretary of State for Business, Energy and Industrial Strategy, issued a direction under section 35 of the Planning Act 2008 that the Morgan and Morecambe Offshore Wind Farms: Transmission Assets project should be treated as a development for which development consent is required[18].
On 31 May 2024, an application for a Development Consent Order for the Morecambe Offshore Windfarm Generation Assets under the Planning Act 2008 was received by the Planning Inspectorate[19].
On 21 October 2024, an application for a Development Consent Order for the Morgan and Morecambe Offshore Wind Farms Transmission Assets under the Planning Act 2008 was received by the Planning Inspectorate[20].
References
[edit]- ^ "Companies House: Flotation Energy Limited". Companies House. Retrieved 18 November 2024.
- ^ a b "Project overview". Flotation Energy. Retrieved 18 November 2024.
- ^ a b "Our history". Flotation Energy. Retrieved 18 November 2024.
- ^ "Kincardine's Record-Breaking Offshore Wind Farm". The Bellman. Retrieved 18 November 2024.
- ^ "Kincardine". Flotation Energy. Retrieved 21 November 2024.
- ^ "Tepco acquires Kincardine developer Flotation Energy". renews.biz. 2 November 2022. Retrieved 18 November 2024.
- ^ "Green Volt: Jobs boom as Europe's largest floating wind farm approved off Scotland's coast". energyvoice.com. 22 April 2024. Retrieved 18 November 2024.
- ^ "13 Offshore Wind Projects Selected in World's First Innovation and Targeted Oil & Gas Leasing Round". offshorewind.biz. 24 March 2023. Retrieved 18 November 2024.
- ^ "Minutes of Aberdeenshire Council Infrastructure Services Committee, Thursday, 14th March, 2024 10.15 am (Item 6.)". Aberdeenshire Council. Retrieved 18 November 2024.
- ^ "Notice of Decision Green Volt Offshore Windfarm Ltd" (PDF). Marine.gov.scot. Retrieved 18 November 2024.
- ^ "INTOG leasing round". Crown Estate Scotland. Retrieved 18 November 2024.
- ^ "Press release: Government secures record pipeline of clean cheap energy projects". Gov.uk. Retrieved 21 November 2024.
- ^ "Morecambe Offshore Windfarm Generation Assets Project information". The Planning Inspectorate. Retrieved 21 November 2024.
- ^ "What the Project will look like". Morecambe Offshore Windfarm Generation Assets. Retrieved 21 November 2024.
- ^ "Offshore Wind Leasing Round 4 - The Crown Estate". www.thecrownestate.co.uk. Retrieved 21 November 2024.
- ^ "BP, RWE win big in Round 4". renews.biz. 8 February 2021. Retrieved 21 November 2024.
- ^ "The Crown Estate seals landmark agreements for offshore wind energy to power 7 million homes". Retrieved 21 November 2024.
- ^ "Decision Morgan and Morecambe offshore wind farms: s.35 direction, Planning Act 2008". Gov.uk. Retrieved 21 November 2024.
- ^ "Morecambe Offshore Windfarm Generation Assets Notice of Issue Specific Hearing". The Planning Inspectorate. Retrieved 21 November 2024.
- ^ "Morgan and Morecambe Offshore Wind Farms Transmission Assets - All project updates". The Planning Inspectorate. Retrieved 21 November 2024.