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Ocean Renewable Energy Launches to Accelerate Global Offshore Wind Capacity

Source: www.gulfoilandgas.com 1/13/2020, Location: Europe

An international Ocean Renewable Energy Action Coalition has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful impacts of climate change.

Ocean-based renewable energy—such as offshore wind, floating solar, tidal and wave power—could meet nearly 10% of the annual greenhouse gas emissions reductions needed by 2050 to keep global temperatures under 1.5?C above pre-industrial levels, according to a report released by the High-Level Panel for a Sustainable Ocean Economy. Most of this climate change mitigation potential is expected to come from offshore wind.

Bringing together civil society, intergovernmental institutions and industry, the Action Coalition will represent the offshore wind sector in the global dialogue on climate action. It will be spearheaded by Orsted and Equinor. The group also includes: CWind, Global Marine Group, JERA, MHI Vestas, Mainstream Renewable Power, Shell, Siemens Gamesa, TenneT and The Crown Estate.

The Action Coalition was formed in response to the September 2019 Call for Ocean-Based Climate Action made by the High-Level Panel for a Sustainable Ocean Economy, with additional partners including Global Wind Energy Council and the UN Global Compact.

The Action Coalition will prepare a vision for 2050, highlighting the actions that industry, financiers and governments can take to sustainably scale-up offshore wind, and thereby contribute to the UN Sustainable Development Goals and global decarbonization goals. Initial outputs will be announced at the UN Ocean Conference in Lisbon in June 2020.

“If we’re serious about fighting the climate crisis, it’s vital we decarbonise the world’s energy use as quickly as possible through technologies like offshore wind. The Ocean Renewable Energy Action Coalition will work together to accelerate the opportunity presented by ocean renewables to achieve the Paris Agreement goals,” says Benj Sykes, vice president at Orsted.

“Collaboration between nations and companies is needed to accelerate the sustainable deployment of ocean renewable energy. This Action Coalition includes leading industry players in offshore wind and we are working together to unleash the full potential of offshore wind globally,” says Stephen Bull, senior vice president for wind and low carbon at Equinor.

Driven by a small number of countries initially, offshore wind is now on a spectacular cost reduction path. It is capable of producing clean energy at tremendous scale and will be a key technology to enable the energy transition and to support a sustainable future.

Wind Energy News in Norway >>

Germany >>  4/3/2020 - Energy company innogy SE paves the way for its third German offshore project Kaskasi: The company took the final investment decision (FID) for the con...
Vietnam >>  3/27/2020 - Maintaining its successful momentum with 200 MW order intake in Vietnam last year, Vestas has now secured its fourth intertidal project in the country...

Kazakhstan >>  3/26/2020 - Eni, through its local renewable subsidiary ArmWind LLP, started the commercial production of the Badamsha Wind Farm located in North-West Kazakhstan,...
Finland >>  3/20/2020 - Lundin Petroleum has successfully farmed down 50 percent of its Metsalamminkangas (MLK) wind farm project, in mid Finland to Sval Energi, a portfolio ...

United Kingdom >>  3/19/2020 - Total positions itself on the floating offshore wind segment in line with its strategy to develop renewable energy. ...
Japan >>  3/18/2020 - Tokyo Electric Power Company Holdings, Incorporated (TEPCO), the largest power company in Japan, and Orsted A/S, the world's leading offshore wind dev...

Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


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