ALBERT

Description: Turbulence experienced in the business and social realms resonates with turbulence unfolding throughout the biosphere, as a process of accelerating change at the stratigraphic scale termed the Anthropocene. The Anthropocene is understood as a multi-dimensional limit point, one dimension of which concerns the limits to the lineal epistemology prevalent since the Age of the Enlightenment. This paper argues that future conditions necessitate the updating of a lineal epistemology through a transition towards resilience thinking that is both adaptive and ecosystemic. A management paradigm informed by the recognition of multiple equilibria states distinguished by thresholds, and incorporating adaptive and resilience thinking is considered. This paradigm is thought to enhance flexibility and the capacity to absorb influences without crossing thresholds into alternate stable, but less desirable, states. One consequence is that evaluations of success may change, and these changes are considered and explored as likely on-going challenges businesses must grapple with into the future.

Description: Offshore wind could both play a significant role in decarbonising the global energy system and supporting the energy needs of cities. Recent trends in offshore wind have seen the installation of turbines in deeper and more remote waters due to the presence of stronger and more consistent wind resources. This has led to the development of floating foundations for turbine mounting in water depths above 40 m, where conventional bottom-fixed foundations are not considered economically feasible. However, due to its emerging nature, floating wind must attain market maturity to be considered cost competitive. It is a widely accepted belief that market expansion yields technological maturity. Therefore, this paper adopts a systems approach to investigate the viability of floating offshore wind power generation in Scotland and South Africa. It does this through a content analysis of relevant secondary documentation, including policy documents, industry reports, press releases, online publications, and databases to determine the drivers and barriers of floating wind in the case contexts. The key findings are that substantial technical potential is required to attract floating wind investments, political support is necessary in order to scale up, a strong offshore wind supply chain could cushion the high-cost effects of floating wind projects, and more innovative business models such as corporate Power Purchasing Agreements could serve as social drivers for such projects. The main contextual conclusions drawn from this paper are that Scotland’s inaugural floating wind projects benefitted from the Scottish government’s Renewable Obligation scheme, however its discontinuation threatens the prospects of future projects. Alternatively, South Africa’s technical potential, coupled with its government’s healthy appetite for renewable energy development, could see the take up of this technology in the near future, with corresponding benefits for more sustainable energy in densely populated areas, compliant with SDG 7.