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Floating offshore wind is 'second coming' for º£½ÇÊÓÆµ suppliers who have previously missed out, sector champion says

Neil Gordon of the Global Underwater Hub says floating offshore wind is the greatest opportunity for the subsea industry this generation

Neil Gordon, chief executive, Global Underwater Hub.(Image: Michal Wachucik)

The offshore floating wind sector represents a "second coming" for º£½ÇÊÓÆµ supply chain companies that have previously missed out to foreign competitors, a key industry voice has said.

Neil Gordon, chief executive of the Global Underwater Hub, which is led by former SMD CEO Andrew Hodgson as chair, said the opportunity for work presented by floating offshore wind could be greater than before. He has urged the º£½ÇÊÓÆµ to become a "first mover" and prepare itself to supply a plethora of projects starting in º£½ÇÊÓÆµ waters and spreading around the world.

Mr Gordon said: "There’s been much hand-wringing over the years about the loss of business for the º£½ÇÊÓÆµ in fixed offshore wind, when much of the fabrication ended up overseas and many of the developers were not º£½ÇÊÓÆµ-based. A º£½ÇÊÓÆµ Government report, four years ago, described the lack of º£½ÇÊÓÆµ firms in the offshore wind supply chain as a "missed opportunity” and stated that a more strategic approach was needed by government and industry in the future.

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"That future is here and, with it, comes a second chance - one that could be even bigger, particularly for the º£½ÇÊÓÆµ’s world-leading underwater industry. This second-coming is floating offshore wind and, thanks to our unrivalled underwater ingenuity and engineering, it’s where the º£½ÇÊÓÆµ can really make its mark if we grasp the opportunity and invest in the advancement of our already world-leading subsea experience, knowledge, expertise and technology."

Mr Gordon pointed to the massive Scotwind project, which will bring 11 floating wind projects to º£½ÇÊÓÆµ waters and promises to generate £66bn of investment into the supply chain - of which about 40% is ring-fenced to be spent in Scotland. He also highlighted opportunities in the Innovation and Target Oil & Gas seabed leasing round which offer operators the rights to build offshore wind farms in order to decarbonise oil and gas production in the North Sea.

He added: "Floating offshore wind represents the greatest opportunity for the subsea industry this generation. The underwater elements of manufacturing, assembling, installing and then operating and maintaining floating offshore wind projects are eminently transferable from offshore oil and gas, where subsea expertise was, largely, honed and refined.

"From floating foundations to mooring and anchoring systems, as well as dynamic power cables, the subsea industry will be integral to delivering floating wind. And it’s not just these obvious, largescale fabrication and manufacturing elements, it’s also all the skills and technologies, components and sub-components which will be required further down the line."