Cost remains the main obstacle to the commercial viability of floating wind power projects today, with a significant overhead linked to mooring and anchoring. Our industry has now reached a point where many technology owners have proven concepts, but a shift in thinking is needed to take our campaign on capital expenditure (Capex) to the next level.
Capex estimates are, of course, contingent on the different designs being advanced for floating wind turbines, but it is anticipated that mooring and anchoring could typically comprise up to 20% of the total costs of an offshore project.
