Corio Generation joins Global Offshore Wind Alliance

UK firm with 30GW offshore wind pipeline vows to ramp up windpower deployment worldwide

Corio Generation is joining the Global Offshore Wind Alliance, an international coalition founded by the Danish government, the International Renewable Energy Agency and the Global Wind Energy Council.

Launched at COP27 in Egypt last year, the alliance aims to be a driving force for the worldwide rollout of offshore wind through political mobilisation and the creation of a global community of practice.

It will consider ways to deliver a minimum of 380GW in offshore wind capacity by 2030, with 35GW on average each year this decade and a minimum of 70GW each year from 2030, culminating in a global target of 2000 GW by 2050.

Corio will join as one of the alliance’s leading industry representatives and has pledged to work with the alliance’s membership to ramp up offshore wind deployment worldwide.

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Governments that have so far joined the alliance include Australia, Belgium, Colombia, Denmark, Germany, Ireland, Japan, the Netherlands, Norway, the UK and the US.

Corio launched in April 2022 and is part of Macquarie’s Green Investment Group. Headquartered in London, it has an offshore wind project pipeline of around 30 GW.

These next-generation offshore windfarms across Europe, Asia and the Americas, including innovative floating and fixed-bottom technologies, will form the backbone of the energy transition.

Corio chief executive Jonathan Cole said: “In all regions of the world, across advanced and emerging economies, governments are looking seriously at offshore wind as a reliable source of clean, green and affordable renewable energy.

“Rapid technological progress has opened the door to deploying offshore windfarms at scale, but barriers remain which can only be solved if public and private sectors work together.”

He said the Global Offshore Wind Alliance “can play a transformational role in sharing good practices and promoting dialogue. Our shared goal is to help countries everywhere transition successfully away from economies reliant on fossil fuels to a greener, more sustainable future.”

Global Wind Energy Council chief executive Ben Backwell said that Corio was “perfectly positioned to bring the expertise required to removed barriers and help scale-up the deployment of offshore wind in emerging markets".

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