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White Paper

Floating wind turbines: the road to commercialisation

Adam Minkley's picture
Senior Project Director New Energy Update by Reuters Events

Providing business intelligence to the energy sector including wind, solar, oil & gas and renewable waste. 9 years experience in project managing industry research and large-scale...

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This item is part of the Special Issue - 2018-06 - Offshore Wind, click here for more

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Floating wind is now a reality. And it works. The world’s first floating wind farm, Hywind in Scotland, achieved a capacity factor of 65% in its first three months of operation, up to February 2018. That compares to a bottom-fixed offshore wind average of up to 60% at most.1 These early results are encouraging, because in the long term the future of the wind industry may depend on floating foundations.

The deep-water locations that floating foundations can reach allow for a much greater market than onshore or shallow offshore wind asset owners could ever hope to access. And, theoretically, floating foundations could carry much bigger turbines. Against this backdrop, this white paper from New Energy Update aims to offer a view into the current state of commercialisation of floating foundation technology, along with the main markets, designs and routes towards levelised cost of energy (LCOE) reduction.

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