In this article we hear from DNV on maximising opportunities from floating offshore wind which hinges on de-risking its economics, technology, logistics and operations. The global installed capacity of floating offshore wind, will grow from 88MW in 2022 to 260GW in mid-century, according to our Energy Transition Outlook 2022 (ETO) model.
For perspective, the capacity in 2050 will be 3,000 times greater than that of the 88MW Hywind Tampen project being constructed off Norway, which will be the world’s largest floating wind farm once operational. Our ETO sees floating wind’s share in total installed offshore wind capacity rising from under 1% to 20% over the same period. In this sense at least, the future of offshore wind is floating.