Global renewable energy targets often include solar photovoltaic and wind power as two major components for achieving green energy targets. According to the Global Electricity Review 2022, wind and solar power accounted for more than 80% of new electricity generation installations worldwide in 2021(Ember 2022). This level is driven by policy support, technological advances and decreasing costs. Wind power has achieved record low prices in many countries, and it is often considered the least expensive form of power generation, along with solar photovoltaics (IRENA 2022). Additionally, wind tends to be strongest at night, while solar tends to be strongest during the day.Thus, combining wind and solar power diversifies the energy mix and delivers amore consistent supply of clean energy than each individual resource.
FOWT technology deployment started in 2009 with a pilot 2-megawatt turbine installed offshore in Karmøy, Norway.
Eight years later, the technology passed the research and development stage and the first commercial FOWT was installed off the northeast coast of Scotland. The Hywind project consists of five 6-megawatt Siemens turbines installed on floating structures at sea depths of 95-120 meters (WindEurope 2017).
According to the National Renewable Energy Laboratory’s offshore wind market report, as of the end of 2021, Only 10 FOWT projects were operating globally, totaling 123.4 megawatts (Musial et al. 2022). Seven of those 10 projects (112.9 megawatts) were in Europe, and three (10.5 megawatts) were in Asia. However, the pipeline of this technology is growing rapidly and is forecast to grow to more than 64 gigawatts by 2035
The Scottish government has continued to exploit the potential of offshore wind resources by leasing seabeds, as identified by the Scottish Government’s Sectoral Marine Plan for commercial-scale offshore wind projects. Twenty ScotWind projects have seabed option agreements for up to 10 years.
Construction of ScotWind projects is expected to begin in the late 2020s, and 14 of the 20 projects are floating rather than fixed turbine projects, with a total expected FOWT capacity of 17.4 gigawatts (Crown Estate Scotland 2022).
In April 2023, nine European countries signed the Ostend Declaration of Energy Ministers on the North Sea as Europe’s Green Power Plant. This declaration set a political commitment to deploying 120 gigawatts of offshore wind capacity in the North Sea by 2030 and 300 gigawatts by 2050. Within this declaration, Norway has pledged a floating wind target of 1.5 gigawatts, while the U.K. aims to deliver 5 gigawatts of innovative FOWTs by 2030 (Ostend 2023). In Ireland, EDF Renewables entered a partnership with Simply Blue Group to develop two floating offshore wind projects off the coast of Ireland, which will help the country achieve its 2-gigawatts target by 2030 (Enerdata 2023).
In Italy, FOWT production is being accelerated. Three FOWT projects will be developed in Lazio (540 megawatts), and two other wind farms will be developed off Olbia (500 and 1,000 megawatts). The three projects will produce approximately five terawatt-hours/year and will operate between 2028 and 2031 (Enerdata 2023).
On the Iberian Peninsula, IberBlue Wind has three other projects under development: the 990-megawatt Botafogo floating offshore wind project off the coast of Figueira da Foz in Central Portugal and two cross-border floating offshore wind projects totaling 1.96 gigawatts on the North Atlantic coast, located on the maritime border between Spain and Portugal (Enerdata 2023).
China has been leading the world in terms of renewable energy capacity. Regarding FOWTs, China has started constructing the world’s largest FOWT project offshore of Hainan. The project’s first phase will see the deployment of 200 megawatts by 2025, and the second phase will add 800 megawatts by 2027 (Enerdata 2023).
In Australia, the Philippines, Canada, the U.S. and Europe, several companies have announced plans to participate in future auctions to develop FOWT projects, exemplifying the ambitions of a growing number of countries to expand offshore wind development.