Corio, local partner to target Celtic Sea floating wind rights

The East Anglia One offshore wind farm in the North Sea.

July 4 (Renewables Now) - Corio Generation on Monday unveiled a partnership with local firm Morwind to compete for rights to develop floating offshore wind projects in the UK’s Celtic Sea.

Seabed owner the Crown Estate has been working on plans to unlock up to 4 GW of new floating wind capacity in the Celtic Sea through seabed leasing.

Corio is a London-based offshore wind developer launched earlier this year as a portfolio company of Macquarie Group Ltd’s (ASX:MQG) Green Investment Group (GIG). Its partner, Morwind, is a developer set up in 2020 and focused on floating offshore wind in South West Seas.

Corio said the alliance brings together its international expertise and access to capital with Morwind’s regional knowledge to identify and invest in floating wind opportunities in the area.

“We believe the Celtic Sea can accommodate significant new offshore wind capacity and are looking closely at opportunities in partnership with regional experts Morwind,” said Corio chief executive Jonathan Cole.

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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