The cost of floating wind farms is on a steeper decline than that of traditional offshore wind, with the emerging sector increasingly attractive to oil and gas companies, said Sebastian Bringsværd, head of floating wind development at Norwegian energy giant Equinor. After years of industry anticipation, the floating wind market is finally gaining momentum in a commercially meaningful way. The goal, Bringsværd said, is to scale floating projects up to a comparable level as traditional projects, which are often 500 megawatts or larger, taking advantage of offshore wind’s huge economies of scale.
GTM 6th Feb 2020 read more »
Offshore wind generation is growing rapidly and is expected to make up 25 percent of total wind capacity by 2028, up from 10 percent in 2019, according to a new study from the research firm Wood Mackenzie. Most of the growth of offshore wind is expected to be in areas suitable for turbines fixed to the sea bed, according to the study. Only a small fraction of offshore wind capacity over the next eight years will be from floating wind turbines, a technology undergoing rapid changes as developers try new versions of the technology. Within about two years, about 350 megawatts of floating demonstrators are expected to be deployed, strengthening the case for floating turbines, according to the study. More than 75 floating wind concepts have already been introduced and experienced developers are starting to position themselves more aggressively in the floating industry by forging alliances and building up floating wind supply chain pipelines.
Energy Voice 7th Feb 2020 read more »