5 December 2023 Dubai | Launched at COP28, Ocean Power Pathway (OEP) is a brand new international non-profit that accelerates the worldwide clear power transition by unlocking the great potential of offshore wind energy.
Ocean Power Pathway (OEP) is a flagship initiative supported by the newly introduced Ocean Resilience and Local weather Alliance (ORCA), a $250 million+ USD funder collaborative targeted on advancing ocean-based options to struggle local weather change.
Offshore wind is an power and local weather answer, with the potential to play a serious position each in delivering the tripling of renewables referred to as for thus far by greater than 120 nations at COP28, and thru driving financial development and bolstering power safety. Offshore wind represents a singular alternative for a lot of nations to construct a brand new clear power trade, and create a sturdy financial various to fossil gasoline dependency.
To attain net-zero emissions globally, the Worldwide Renewable Power Company (IRENA) forecasts the necessity for two,000 gigawatts of offshore wind by 2050. Nonetheless, coverage, regulatory, and provide chain boundaries are constraining the immense potential of this expertise. A sustainable scale-up means delivering jobs and prosperity alongside enhanced ocean ecosystems.
By way of assist from the worldwide wind trade and local weather philanthropy, Ocean Power Pathway will speed up offshore wind growth over the subsequent decade in at the very least ten markets with important wind assets on the frontier of the power transition, together with India, Brazil, Colombia, and South Africa.
Constructed upon multi-stakeholder collaboration in every nation, OEP delivers applications by means of a two-pronged strategy: offering technical help and advisory companies to governments; and coalition-building and advocacy with native and international civil society companions. These efforts create investable circumstances tailor-made to every nation’s distinctive circumstances – making certain that offshore wind can thrive.
For extra data, go to oceanenergypathway.org.
Rt. Hon. Claire O’Neill, Former UK Minister of Power and Clear Development: “Targets are nice, however as we realized constructing the UK’s landmark Offshore Wind Sector deal, the transition can be delivered in follow by the form of good, affected person and strategic work accomplished by organisations like OEP that may work between trade, politicians and residents to construct assist, developed shared methods and make investments at tempo to unblock regulatory and funding boundaries to accelerated deployment of unpolluted applied sciences.”
Ben Backwell, Chief Govt Officer, GWEC: “Offshore wind will ship transformational change in each area of the world. To do that collaboration and cooperation have to be on the centre of a laser-focused effort to deploy tons of of gigawatts of unpolluted renewable power in a comparatively quick timeframe. To attain this imaginative and prescient, trade and authorities should work hand-in-glove with native communities on the coronary heart of this new power system. Ocean Power Pathway’s work bringing these numerous stakeholders collectively can be essential on the earth staying on track to realize its internet zero objectives. We’re very happy with GWEC’s foundational position and management in establishing this new initiative.”
Charles Ogilvie, Govt Director of OEP: “Offshore wind will present the dimensions inexperienced electrons to energy the inexperienced industries of the longer term, however tasks should ship for communities and ecosystems to be actually sustainable. OEP is a companion and useful resource for all stakeholders attempting to speed up this very important piece of the worldwide transition to a clear financial system.
Rebecca Williams, GWEC International Head of Offshore Wind: “Offshore wind is the chance of a era and we can not let it move us by. Our future prosperity relies upon upon seizing this second. International locations internationally are turning to offshore wind to energy their rising economies. Ocean Power Pathway will assist them realise their ambitions.”
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About OEP
Ocean Power Pathway is a international organisation that accelerates the clear power transition by unlocking the immense useful resource of offshore wind energy. Scaling offshore wind means assembly local weather ambitions, enhancing ecosystems, strengthening power safety, and delivering transformative financial development for native communities. OEP will scale the event of offshore wind globally by 2030, serving to to create at the very least ten new markets and contributing to the 2TW of put in offshore wind wanted by 2050 to maintain the world on observe to 1.5 levels of warming. OEP focuses on nature and communities to make sure sustainable development, with technical help to authorities and coalition constructing with trade and civil society.
Incubated by the wind trade and supported by philanthropy, OEP is steadfastly impartial in its mission. OEP is included within the UK as a not-for-profit.
Discover us at: www.oceanenergypathway.org
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About GWEC
GWEC is a member-based organisation that represents the complete wind power sector. The members of GWEC symbolize over 1,500 corporations, organisations and establishments in additional than 80 nations, together with producers, builders, part suppliers, analysis institutes, nationwide wind and renewables associations, electrical energy suppliers, finance and insurance coverage corporations.
Discover us at: https://gwec.internet/.
