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PRIVACY
Economic Development

Humber's key role in seeing off offshore wind's economic headwinds highlighted

Cluster industrial champion shines a spotlight on the achievements in tough year for maturing sector

Lauren Little addressed challenging headwinds for the offshore wind sector globally - and underlined the Humber's key role.

The Humber’s world-leading cluster is ready to step up and play a key role as offshore wind continues to face economic headwinds, a leading figure has told.

Innovation, expertise and critical mass is seen as key as the sector addresses cost implications with a period of raging inflation seeing global projects halted or pulled. From East Anglia to the US’s Eastern seaboard, the pace of development has lulled as pounds, dollars and krones pulled as heavy as the Net Zero commitments they seek to support.

This summer's susbidy auction round also saw no new offshore wind bids emerge nationally, with an overview of the process understood to be underway as strike prices proved not to be viable.

Lauren Little, senior stakeholder advisor for Orsted in the region, addressed The Waterline Summit, with the global wind farm developer the industry champion for the Humber Offshore Wind Cluster.

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She said: “This year the offshore wind industry in the º£½ÇÊÓÆµ and around the world has faced headwinds. Our industry is maturing and we’re experiencing challenges, so we have to adapt.

“Nowhere is better positioned than the Humber to support industry through challenging times. We’re the most established offshore wind cluster in the º£½ÇÊÓÆµ with a strong foundation of operational offshore wind farms, workforce and supply chain. We're looked at in the º£½ÇÊÓÆµ and around the world for our experience and expertise. We now need to ensure that we continue to develop, grow and optimise how we deliver in the Humber, towards maturing our industry to ensure sustainability for the future.

“The pressing need for energy security and reaching Net Zero remains, in policy and in industry, where offshore wind is crucial in achieving this. Together we will weather the storm and there is a need now, more than ever, for us to demonstrate the tenacity of the Humber to continue our growth, deliver our pipeline and support the wider industry and º£½ÇÊÓÆµ on achieving collective ambitions.”