Cork, IrelandFloor 3, Centre Park House, Centre Park Road, Blackrock, Cork City, Ireland
The Irish renewables group boasts an impressive portfolio with over 9GW of floating offshore projects, putting them as one of the leading developers in the field. Offshore wind is expected to produce 7-11% of the EU’s electricity demand by 2030, with 45% coming from floating projects. Simply Blue aim to take advantage of the growth in the offshore wind market and as one of the leading developers, they represent an attractive investment to potential investors. Therefore, it is no surprise that the Irish group have founded partnerships with large-scale companies such as their joint venture with Shell to develop a 1.35GW project off the coast of Clare. Simply Blue and TotalEnergies have also formed a partnership to develop floating wind projects in the US. The joint venture is named TotalEnergies SBE US and aims to pursue the up to 35GW US market.
Orsted and Simply Blue announced their joint venture in April 2022, which will develop the 100MW Salamander wind project. Orsted will own an 80% stake in the farm and the project will pave the way for them to transition into the floating offshore wind market. The Salamander project will also be co-owned Subsea 7, which will own a minority share. The project is due to be passed through Scotland’s Innovation and Targeted Oil and Gas leasing round in the latter stages of this year.
Image Source: Unsplash, 24.05.2021