The Future of Renewable Energy: An Exciting Horizon for SLPE in 2024

07 February 2024
offshore wind turbines a few miles out from a sandy beach

With COP28's commitment to tripling renewable energy by 2030, opportunities within the offshore wind farm sector are set to burgeon. At SLPE, we're eager to see how developments in offshore wind will unfold in 2024. Here are a few things to keep an eye on:

Expanding Offshore Wind Market

The offshore wind market is rapidly expanding, heralding a wealth of opportunities. This growth isn't just about increasing numbers; it's about advancing sustainable energy solutions, a cornerstone of our mission at SLPE. We're excited about the potential for new projects across Europe, aligning with our vision of contributing to global sustainability through innovative design and technology.

Auctions for Wind Farm Development Areas

Governments leasing areas of the seabed for wind farm development is continuing to take place. These auctions, wherein developers bid to secure development rights, are set to scale up in 2024. SLPE hopes to see several winners announced in the near future, opening doors for us to collaborate and innovate in new territories. Our history of strong relationships within the supply chain positions us ideally for these opportunities.

Contracts for Difference (CfD)

The UK Government's CfD scheme offers a stable and secure environment for investment in wind farm projects. With Allocation Round 6 (AR6) anticipated this year, we’re optimistic about the future and ready to support the industry.

In 2024, SLPE is excited about more than business growth; we're dedicated to global sustainable energy. Our agility and responsiveness to market developments ensure we're not just participants but leaders in the offshore renewables sector. We're not just watching the market - we're actively shaping it through our advanced analysis techniques, in-house software development, and participation in industry-leading research.