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We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

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Editorial

The momentum of floating wind and its outlook implications

Keys are in the ignition, but policy-makers need to get on board for floating wind to reach commercialization

1 minute read

Floating wind is gaining momentum

The commercialization of floating wind has been caught in a catch-22 where capacity is needed to reduce the cost of floating wind, but cost-out is needed for governments to allocate capacity to floating wind.

The surge of the offshore wind industry carries positive spill-over effects into the floating wind industry. The 350MW+ of floating demonstrators set to be deployed by 2023 will further facilitate these spill-over effects and in turn strengthen the case for floating wind.

These positive developments have been manifested in an increased number of alliances and commercial projects targeting floating wind – 24 alliances and 17 commercial pipeline projects have been announced in 2018 to 2019.

Experienced developers are starting to position themselves more aggressively in the floating industry - 54% of the alliances signed in 2018-2019 have an experienced offshore wind developer involved while 53% of the 2018-2019 commercial floating project have experienced developers onboard.

Complete the form to get access to the insight brochure which includes:

  • Table of contents
  • List of figures
  • Sample chart
  • Purchasing information

The full insight is available as part of Wood Mackenzie Power & Renewables’ Offshore Wind Service.