Market Needs, Opportunities and Barriers for the Floating Wind Industry

This paper reviews the status of floating wind energy expansion, market needs, opportunities, and barriers. Even more expensive than many other generation technologies currently, the floating wind will contribute to the decarbonization of Europe. This document assesses the market strategies available to develop floating wind farms in Europe. The study includes four main phases in addition to the overview of the current state-of-the-art: a technology review, market outlook, opportunities, and commercialization barriers. During its development, the offshore wind has moved from experimentation to a final design (Semisubmersible/barge, Tension Leg Platform, and Spar).

Automated summary

This paper reviews the current status of floating wind energy expansion and assesses the market strategies, opportunities, and barriers for developing floating wind farms in Europe.