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:
- turbine requirements and foundations scaling
- heavy lift offshore operations
- dynamic export cables
- monitoring and inspection
The report also includes new market projections from the Carbon Trust, forecasting 70GW of floating wind capacity installed by 2040.