October 3, 2024
Daniele Caruso, Project Director at BlueFloat Energy – Nadara JV in Italy, recently took the stage at the AVENTA conference “Floating Wind: Shaping Our Future Blue” in Genoa.
During his presentation “From Concept to Construction: Developer Approaches to Bankability, Ports, and Supply Chain in Italy’s Floating Offshore Wind Market,” Daniele discussed key elements to navigate the complexities of floating offshore wind in Italy, from financial viability to port infrastructure and supply chain readiness:
- Regulatory Support and Market Stability: The bankability of floating offshore wind projects in Italy will depend on stable and fit-for-purpose regulatory frameworks, government supported remuneration schemes, and market confidence. Clear permitting processes and grid connection investments will be crucial to mitigate risks and help attracting investments.
- Proven Technology and Risk Mitigation: Although floating offshore wind is an emerging industry, the technology is proven from the technical point of view and successful projects with reliable performance will contribute towards further building market’s confidence.
- Bankability: It will improve as more full-scale projects prove their viability in Italy’s specific marine conditions, lowering the perceived technology and operational risks.
- Local Supply Chain and Port Infrastructure: The strength and maturity of Italy’s local supply chain, as well as the availability of port infrastructure to support large-scale floating platforms, will be key in determining the cost-efficiency and feasibility of projects, which in turn impacts their financial attractiveness.
At BlueFloat Energy, we are committed to advancing the offshore wind industry in Italy. Since nearly four years, we have been actively developing six offshore wind projects in Puglia, Calabria and Sardinia, and working with the policy makers and other key stakeholders on the development of a robust regulatory framework. Moreover, we are focused on fostering a strong supply chain to enable the timely deployment of offshore wind in Italy so as to enable the country achieve its net zero goals.
To know more about our developments in Italy, visit the World of BlueFloat: https://lnkd.in/dYydkRWP
