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210701 | Wave Hub Development Services Ltd now known as Celtic Sea Power | Name change for Cornwall floating offshore wind

Name change for Cornwall floating offshore windturbine project

Wave Hub Development Services Ltd will now be known as Celtic Sea Power

Celtic Sea Power will look to harness the potential for offshore windturbines off Cornwall

7 July 2021 One of the offshore windturbines that Hexicon is looking to build in the Celtic Sea off Cornwall

By Olivier Vergnault

One of the offshore windturbines that Hexicon is looking to build in the Celtic Sea off Cornwall (Image: Hexicon)

The firm leading the floating offshore windturbine project off Cornwall has a new name.

Wave Hub Development Services Ltd will now be known as Celtic Sea Power.

The Cornwall Council-owned company said it changed its name to better reflect its future role, which includes attracting large scale floating wind projects to the Celtic Sea and capturing the economic benefits for the Cornish economy.

Celtic Sea Power is about to complete the sale of the Wave Hub offshore renewable energy test facility to Swedish floating windfarm developer and technology provider Hexicon.

Hexicon will use the Wave Hub site and infrastructure off Cornwall’s north coast for TwinHub, a 30-40MW floating offshore wind project using its innovative twin-turbine platform.

Celtic Sea Power recently hosted a floating offshore wind energy conference in Falmouth to coincide with the G7 Summit of world leaders. More than 300 delegates, most attending online, heard about the potential for floating wind to play a significant part in the fight against climate change and why Cornwall and the South West can lead the way in the UK.

Steve Jermy, chair and interim chief executive of Celtic Sea Power, said: “We need to rapidly accelerate the deployment of floating offshore wind to meet UK and global net zero carbon targets. Celtic Sea Power is driving that opportunity for our region where we have the offshore wind resource, supply chain, and emerging regulatory framework.

“We intend to capture this activity to grow the economy and create jobs, and how our region is working with industry and Government to accelerate investment and delivery. This is all about scale and speed. What works in the Celtic Sea will work globally, creating huge export potential.”

Celtic Sea Power believes that more than 70% of the UK’s energy needs could be met by the energy resource in the Celtic Sea. Installing 3GW of power could create over 1,500 primary jobs and the export market for floating wind could be worth £3 billion by 2030, generating net additional GVA of £900m.

Stephen Rushworth, Cornwall Council cabinet portfolio holder for the economy, said: “Floating wind off the coast of Cornwall is an opportunity like no other in terms of its potential to generate renewable energy on an enormous scale whilst having a transformational and positive impact on local economies.

“We're delighted to have been part of this journey by supporting the sale of the Wave Hub test site which will provide an important stepping stone for the longer term ambition for large scale development of floating wind in the Celtic Sea, and through Celtic Sea Power we want Cornwall to take the lead to ensure we capture as much local economic benefit as we can.”

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