Floating wind power projects are moving from the prototype phase to commercial endeavours, so the question of how they will be financed is becoming critical. Utilities and technology providers may have been willing to bear the cost of demonstrators on their balance sheets, but if they want third-party funding for their next projects, they will need to mitigate the risks these financiers are asked to bear and get external validation of the technology.

It stands to reason that lenders and investors will work from what they know (offshore wind projects with bottom-fixed foundations), and try to understand how different floating wind is from a risk perspective.