Robotics & Autonomous Systems

Find out more about our robotics and autonomous systems testing and validation facilities.

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Electrical Infrastructure Research Hub

The Catapult has appointed the University of Strathclyde and the University of Manchester to form the Electrical Infrastructure Research Hub.

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Automation & Engineering Solutions

Find out more about our work in robotics, autonomous systems and artificial intelligence.

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Stay Current

Dig deeper into the biggest issues facing offshore wind, wave and tidal energy with our series of Analysis & Insight papers.

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Live Innovation Opportunities

There are a number of programmes identifying the key technology innovation challenges faced by the offshore renewables industry. Solving these challenges will help drive down the cost of offshore renewable energy, with positive effects for the industry and UK economy. Visit our Live Innovation Opportunities page to find out if your technology has the answer.

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ANALYSIS & INSIGHT

Impact of Oil Price on Offshore Wind

Offshore wind is at the centre of the UK decarbonisation strategy, with lower costs than many other forms of electricity generation, including new nuclear, and aspires to limit the traditional role oil and gas play in the energy system balance. Oil is a commodity characterised by high volatility in price and has a significant direct and indirect impact on global economic growth. There are several visible and less visible relationships and areas of competition between the two industries, but it appears that the influence of oil price on offshore wind costs is, and will continue to be, in decline.

Angeliki Spyroudi investigates the impact that oil price may have on the cost of offshore wind in the UK, specifically looking at:

  • offshore wind vessel supply cost in installation and operations and maintenance (O&M);
  • commodity prices affecting offshore wind (e.g. steel and copper);
  • fuel prices affecting offshore wind;
  • development, project management and O&M services crossing over between oil and gas and offshore wind; and
  • investment in electricity generation from renewables compared to conventional fuel.
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