U.S. Turns to Floating Projects to Broaden Offshore Wind

September 19, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration said last week it aims to develop 15 gigawatts (GW) of floating offshore wind capacity in U.S. waters by 2035, following its earlier proposal to develop 30 GW of offshore wind--floating or fixed--by 2030. Floating windfarms can be positioned in much deeper waters than fixed windfarms, which account for most of the investment in offshore wind to date.

Industrial Info is tracking more than $15.8 billion worth of floating offshore wind-energy projects in development across the U.S. Whereas turbines for fixed offshore windfarms are rooted to the seabed, turbines for floating offshore windfarms are mounted to floating platforms, which are anchored to the seabed via mooring lines.

Companies featured: RWE AG, Diamond Offshore Wind, Avangrid Incorporated (NYSE:AGR), Iberdrola S.A., Copenhagen Infrastructure Partners, BP plc (NYSE:BP), Equinor ASA (NYSE:EQNR), Trident Winds LLC and Redwood Coast Energy Authority.