There is recognition that offshore wind is an effective transition opportunity for the oil and gas industry – Shell has just introduced the acquisition of a majority stake in the Emerald floating wind project within the Celtic Sea. Overall offshore win

There is recognition that offshore wind is an effective transition opportunity for the oil and gas industry – Shell has just introduced the acquisition of a majority stake in the Emerald floating wind project within the Celtic Sea. Overall offshore wind is ready for another bumper year practically doubling deployed capability to 10GW based on IHS Markit. IHS Markit has predicted that annual photo voltaic installations are predicted to grow by over 30% in 2021 after unstable demand in 2020. There are high expectations for perovskite given recent efficiency breakthroughs but it might take a while earlier than it’s fully commercialised. Growth in floating solar is one to look at because it helps photo voltaic keep away from the land/energy debate however it’s sectoral integration where the biggest focus is more doubtless to be, particularly with regard to agrivoltaics.

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Drew Savanna

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