Floating Wind Power To Grow From 100 MW To 250 GW By 2050 : Report

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Floating wind is anticipated to play an important role in decarbonizing the global energy system and contributing 2% of the world’s power supply by 2050. To achieve this more comprehensive industry standards and risk management is required for the technology to rise. 

The cost of floating wind will fall approximately 70% by 2050 and offer new opportunities to players in the offshore wind, oil & gas and maritime industries as they shift their portfolios to become less dependent on fossil fuels, according to a new report by DNV GL, risk management and quality assurance company.

DNVGL reports how learnings from established offshore industries will be important for floating wind. In particular, standardization and risk management will be essential to build stakeholder confidence.

Remi Eriksen Group President & CEO of DNV GL. stated that “We know that floating wind is technically feasible; the challenge now is to move rapidly to commercial deployments”.

“There is a wealth of expertise to call on. The know-how from bottom fixed offshore wind, the competences of shipyards, and of oil and gas contractors all broadly align with the technical, logistical and operational challenges of floating wind.” he adeed.

DNV GL also forecasts a strong future scenario for floating wind energy and It predicted that in 2050 the installed capacity of floating wind would grow from 100 MW today to 250 GW. 

Magnus Ebbesen, Floating Wind Lead at DNV GL said: “There is a lot of room for innovation and optimization, but also for brand new solutions. That brings some risk, but risks that can be managed and minimized. With an evolving technology, flexibility and forward thinking are imperative. Get it right, and floating wind presents a very attractive opportunity with healthy returns – for investors and the planet.”

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