Don’t miss out as we’re joined by Richard Aukland and Vasilis Markatselis from industry experts 4C Offshore for webinar on floating offshore wind.
The floating wind sector has gathered momentum in the last two years. Countries with deep waters (France), or constrained shallow waters (UK) are increasing commitments to floating wind on the expectation that costs can fall as they have done for fixed foundations. Elsewhere floating is being pursued as a means to decarbonise offshore oil and gas (e.g. Norway) or as a clean power source for hydrogen production. To date, more than 25 floating foundations, classified into four architectures (barge, semi-submersible, spar, TLP), have been used to install almost 80 MW, globally. Nonetheless, only a handful of concepts at most will reach commercialisation by the end of 2030. Looking towards 2030, the global floating wind capacity could reach 7 GW providing governments support early floating wind targets, manufacturing processes can be scaled to demand, and financiers can be confident the risks are contained.