The OPEC project aims to validate the technical and economic feasibility of a large floating offshore platform that can support multiple marine energy devices, and other compatible revenue generating activities. More information and updates can be found here.
It is acknowledged that foundations costs impose a large cost burden on today’s offshore wind and wave energy systems. The OPEC project is addressing the critical cost by advancing a novel concept that would replace traditional foundations, and achieve a 20% reduction in the cost of energy produced by these systems.
OPEC comprises a large floating structure, fabricated cost-effectively in reinforced concrete modules, designed to support multiple wind and wave devices and also aquaculture facilities. This sharing of foundation costs across multiple facilities means that unit costs are significantly reduced.
OPEC is co-funded through the Energy Catalyst Early Stage Feasibility fund from Innovate UK.