Floating wind projects are forecast to make up over 15% of the total offshore wind deployment in the pipeline for switch-on by mid-century, with Europe continue to lead the charge, according to latest figures from DNV.

The consultancy predicts offshore plant to swell to about 40% of total wind production by 2050y, with floating contributing 264GW to the 1,748GW installed, as the rapidly emerging sector’s “growing momentum… results in cost reduction, scaling of production, and broadened applicability”, with “significant technological development” expected to galvanise growth in the next five years.