Floating offshore wind represents a huge economic opportunity and the prospect of transferring skills and knowledge from oil and gas to aid the Just Transition, according to ORE Catapult, whose report from 2021 states that floating offshore wind could deliver over GBP 43.6 billion (approx. EUR 51 billion) in UK gross value added (GVA) by 2050, and create more than 29,000 jobs.

“A massive 17GW of planned floating wind projects are within 100 nautical miles of Aberdeen and this market leading facility will have an internationally recognised capability to reduce the costs of energy from these developments supporting the incubation of new products, services and businesses across the energy sector,” said Sir Ian Wood , Chairman of ETZ Ltd.