Abstract
This document, D1.1 – Analysis of policy and regulatory barriers and enablers to floating offshore wind deployment, is a deliverable of the MARINEWIND project, which is funded by the European Union’s Horizon Europe Energy Programme under Grant Agreement №101075572.
The primary aim of the MARINEWIND project is to identify challenges and potential opportunities for enhancing the role of floating offshore wind in innovative solutions for system integration. The project delves into various aspects, including market dynamics, policy and regulatory considerations, social and environmental factors (as part of WP2), techno-economic optimisation, and suggestions for storage and flexibility (outlined in WP3).
The thorough analysis will be incorporated into the MARINEWIND web-based Geographical Information System (webGIS). This system is designed to provide tailored information about floating offshore wind technologies to stakeholders, considering their specific category, geographical location, and objectives. Moreover, it will offer policy recommendations, empowering stakeholders to make more informed decisions about Renewable Energy Sources (RES) policies and promote societal acceptance (as outlined in WP4).
This deliverable evaluates critical elements related to wholesale market designs and international market development strategies. It also considers the policy and regulatory framework at both national and European levels to promote the wider adoption of Floating Offshore Wind Turbines (FOWT) within a long-term market perspective.
This in-depth analysis conducted as part of Task T1.1 within WP1 aimed to understand the policies and regulations impacting floating offshore wind technology implementation. This assessment encompassed examining wholesale market designs and international strategies at national and European levels to promote the adoption of floating offshore wind.
The evaluation also delved into relevant countries' legal frameworks and authorisation processes. Furthermore, it conducted a comprehensive review of policies supporting the deployment of renewable energy and their effects on the electricity market, financing, and innovation, focusing on the UK as a case study. The task also explored the role of carbon policies, financing mechanisms, and energy market designs in shaping a long-term vision for the market.