Transcription of FLOATING OFFSHORE WIND ENERGY
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FLOATING OFFSHORE WIND ENERGY
FLOATING OFFSHORE wind ENERGY - A POLICY BLUEPRINT FOR EUROPE FLOATING OFFSHORE wind ENERGY A POLICY BLUEPRINT FOR EUROPE EXCUTIVE SUMMARY FLOATING OFFSHORE wind (FOW) is a fast-maturing technology with the potential to cement Europe s leadership in renewables globally. European companies are the pioneers as they lead three quarters of the 50+ FOW projects at different stages of development worldwide today. FLOATING OFFSHORE wind can extend the frontiers of innovation in renewable ENERGY technologies, however dedicated policies are needed to make it a European success story. Europe should capitalise its first mover advantage. FOW needs urgent action from the EU and Member States to maximise the local economic benefits of a nascent supply chain. These should ensure that cost reduction continues through economies of scale, low financing costs and Research & Innovation (R&I) funding. This paper sets the policy blueprint needed for FOW in Europe to 2030.
Around 80% of the offshore wind resources is located in waters of more than 60 meter depth, where bottom-fixed offshore wind (BFOW) is not economically attractive. In addition, average wind speeds are higher and more consistent further from shore. This means floating offshore wind farms can produce more energy throughout the year and have high
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