This report gives an overview of the work undertaken in Phase 2 of the Floating Wind Joint Industry Project to accelerate the commercialisation of floating wind.
Floating wind is an emerging but growing renewable energy sector. The technology enables offshore wind turbine installation in deeper waters not suitable for bottom-fixed turbines, unlocking new areas for renewable energy generation. Pilot and demonstration projects have shown the potential for similar, or even higher yields from floating turbines compared to bottom-fixed projects, as they can be situated in locations with higher wind resource. However, technology development challenges to commercialisation remain.
This report summarises the work undertaken as part of Phase 2 of the Floating Wind JIP, across four main technology challenge areas for the industry:
The report also includes new market projections from the Carbon Trust, forecasting 70GW of floating wind capacity installed by 2040.
Thumbnail image: Equinor
