The findings, published today in their latest Global Floating Wind report, indicate that progress toward a crucial contributor to the world's future energy supply is falling behind. Targets for 2030 wind production from floating (rather than fixed) wind farms are set to be missed across the globe. However, the report notes that, rather than being a supply issue, lack of progress is often down to administrative delays, with governments failing to follow up on their climate promises with clear policies and permitting and regulatory frameworks to kick-start floating offshore wind in their territories.
"Compared with the previous report from
But a key message from the report is that, although the current trajectory points in the wrong direction, there is still time to regain some lost ground. With the potential for floating wind installation to begin within seven years of site award, we are now entering a crucial window of opportunity.
4C Offshore's bi-annual report offers a comprehensive assessment based, among other things, on the world's most complete offshore wind project database with concise yet detailed country-by-country top-down (policy) and bottom-up (project-level) analysis of the floating offshore wind market. Information includes forthcoming lease and offtake auctions for several markets, a reference guide to the progress of competing floating foundation technologies, and an overview of installation practices to date and O&M methods for the future.
The latest report estimates that 14 GW of floating wind power will be installed or in construction offshore by 2030. However, this represents only 5% of the total expected offshore wind installations and is less than the 54 GW targeted by the world's energy regulators. Although countries like
Aside from fulfilling global climate ambitions, Aukland explains why this lack of progress is significant. "Cost reduction is heavily dependent on economies of scale, and continued innovations are needed to bring costs into parity with fixed-bottom. Therefore, the sooner we start installing large-scale floating wind farms, the sooner the world can benefit from their increased environmental benefits."
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