The 50 MW Kincardine Offshore Windfarm, which is billed as the “world’s largest floating wind farm,” experienced a £30 million loss in 2023 following a £18 million loss in 2022. The turbines are located 15 km off the coast of Aberdeenshire, in water depths ranging from 60 m to 80 m.
The graphic below summarizes the 2023 financial results, which were even worse than those for the prior years of operation. For those who want more detail, I have attached the 2023 audited financial statement for the wind farm. You can also view audited statements for prior years.
Although BOEM was forced to “postpone” the Oregon wind sale given the absence of bidders, opposition from tribes and county governments, and a last minute letter from the Governor (political cover?), California still seems to be all in on the development of the 5 deepwater wind leases in Federal waters.
Bud's Offshore Energy (BOE) 