Floating wind power could “outcompete” conventional bottom-fixed offshore wind by 2030, supplying power for more than 50 million people as the wider international build-out continues, according to latest forward-looking calculations by sector pioneer Equinor.

Sebastian Bringsværd, head of Hywind development at the Norwegian energy giant, sees floating wind installations “constitut[ing] 10% of the [conventional global offshore wind] market in 2030, potentially powering 12 million homes”.

“We believe floating wind has the potential to compete and further outcompete fixed offshore wind, on both cost and installed capacity within the next decade, and onwards,” he said, writing in a blog