The floating wind industry finds itself facing a moment of reckoning. Key technologies have been proven at industrial-scale, first commercial developments formally announced, international investment houses have anointed floating wind as “bankable” — and yet forecasts suggest the sector could grow from the 58MW currently turning offshore to anything from 3GW to almost 20GW by 2030. Floating wind, in one analyst’s understatement, is a market “in flux”.
Floating wind power's European depth charge
Technologies field-proven, first major projects underway, banks onboard: the sector is entering a golden era — if it can get its costs down, writes Darius Snieckus