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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.

FLOATING OFFSHORE WIND ENERGY - A POLICY BLUEPRINT FOR EUROPE waters (as low as 30m) where the seabed quality makes bottom fixed offshore wind economically unviable. Figure 2. Hywind Project in Scotland, Picture credit: Equinor FOW is a natural complement to bottom fixed offshore wind. There are many synergies between the

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