The Future of Floating Offshore Wind

The future of floating offshore wind could be a question of how to integrate wave energy as a means of achieving a reduction in the Levelized Cost of Energy (LCOE).

Eighty percent of the world’s offshore wind resource is located in deep water areas and currently only accessible through floating offshore wind projects. These pioneering initiatives are paving the way for us to capitalize on this vast opportunity and, by the end of this decade, are expected to make offshore wind an increasingly competitive form of large-scale and sustainable renewable energy. With BloombergNEF forecasting over 3.5GW commissioned by 2030, this expanding floating offshore wind market will inevitably open-up considerable supply chain opportunities and challenges for industry.