Only three commercial floating offshore wind projects are currently operational
Floating offshore wind pipeline grows to 85GW
Deployment will take off first in the UK, France, South Korea, Japan and Norway, report says
The global pipeline of floating offshore wind projects has reached 85GW, with more than 10GW on track for commissioning before 2030, according to a recent report by UK government-backed innovation centre ORE Catapult. Of the planned capacity, 17GW has already secured site control or exclusivity but only c.500MW has received full consent and is fully permitted, the report says. Offshore wind is dominated by fixed-bottom turbine technology and, while pilot floating turbines have been installed throughout the world, only three commercial projects have begun operations—in the UK and Portugal. Development of new floating projects is likely to accelerate in the UK, France, South Korea, Japan, and
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
