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Floating wind farms off the coast of Wales and the South West set to power more than 4 million homes

The Crown Estate has set out details for new projects off the coast of South Wales and South West England

Floating wind farms set to power more than 4 million homes(Image: Equinor)

The Crown Estate has set out details for some of the biggest floating wind farms in the world.

New floating turbines are to be deployed on a commercial scale for the first time off the coast of the º£½ÇÊÓÆµ. The Crown Estate said the leasing process will be designed to drive broader social, economic and environmental value while supporting the º£½ÇÊÓÆµ's net zero and energy security goals.

The organisation, which manages the seabed around England, Wales, and Northern Ireland, said the leasing for three commercial-scale floating wind projects in the Celtic Sea off the coast of South Wales and South West England have the potential to deliver enough clean, renewable energy for more than four million homes.

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The new wind farms will have a combined capacity of up to 4.5GW and are expected to be the first phase of commercial development in the region, with the º£½ÇÊÓÆµ Government confirming as part of its Autumn Statement in November 2023 its intention to unlock space for up to a further 12GW of capacity in the Celtic Sea.

This latest leasing programme will be known as Round 5, following four previous leasing rounds by The Crown Estate, which have helped establish the º£½ÇÊÓÆµ as one of the leading offshore wind markets in the world, with almost half as much operational capacity as the rest of Europe combined.

The Crown Estate has also outlined its intention to bring forward a new pilot fund to help accelerate supply chain projects, with an initial focus on opportunities arising from Round 5. Further details are expected to be set out in the first part of 2024.

Dan Labbad, chief executive of The Crown Estate said: “The º£½ÇÊÓÆµ’s offshore market is one of the most successful in the world and floating wind is the next chapter in this exciting story, backed up by recent support from º£½ÇÊÓÆµ Government to unlock further important capacity over the coming years.