Cerulean Winds plans floating wind turbine project in UK North Sea

LONDON, June 1 (Reuters) - Low-carbon infrastructure
developer Cerulean Winds said on Tuesday it has submitted plans
to develop a floating wind turbine project in the British North
Sea.

An application for a lease for the 10 billion pound ($14
billion) project have been submitted to Marine Scotland, which
manages Scotland's seas and freshwater fisheries.

The project, made up of 200 floating wind turbines with a
capacity of 3 gigawatts (GW), if approved would seek to sign
contracts to feed power to offshore oil and gas facilities and
use the excess for onshore green hydrogen plants, the firm said.

The British government is touting green hydrogen, whereby
renewable energy powers the process to extract hydrogen from
water using electrolysis, as a way to help lower emissions but
costs are still expensive and it is not yet at commercial scale.

Cerulean Winds has done the necessary infrastructure
planning for the scheme and targets financial close in the first
quarter of next year.

If approved, construction would start soon after, with power
being generated in 2024.

"Emissions are quite rightly no longer acceptable, but with
emissions penalties and taxes coming, the UK oil and gas
industry's role in home-grown energy security during the
transition could be threatened unless current decarbonisation
efforts can be greatly speeded up," said Dan Jackson, founding
director of Cerulean Winds.
($1 = 0.7060 pounds)
(Reporting by Nina Chestney; editing by David Evans)