Stay tuned for upcoming podcast episode releases. View Past Episodes
Sales & Support: +1 800 762 3361
Member Resources
Industrial Info Resources Logo
Global Market Intelligence Constantly Updated Your Trusted Data Source for Industrial & Energy Market Intelligence
Home Page

Power

Floating Offshore Windfarms 'Come of Age'

Floating offshore wind projects have 'come of age' with several projects representing hundreds of megawatts (MW) of power now under way.

Released Wednesday, June 14, 2017

Reports related to this article:


Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Floating offshore wind projects have "come of age" with several projects representing hundreds of megawatts (MW) of power now under way.

The first of numerous large-scale demonstration projects will be commissioned later this year with another two coming in 2018. Industry group WindEurope has reported that the technology behind floating offshore wind has reached maturity and that "costs are also predicted to plummet in the coming years."

"Floating offshore wind is no longer an R&D exercise," said Ivan Pineda, WindEurope Director for Public Affairs. "The technology has developed rapidly in recent years and it is now ready to be fully commercialised at utility-scale projects. Adding this option to the market means more offshore wind in total, and it's this extra capacity that we will need to meet the 2030 goals."

Industrial Info is tracking the leading floating offshore windfarm projects under way, including:

  • Hywind Scotland--30 MW--Scotland, 2017
  • Kincardine--48 MW--Scotland, from 2018
  • Dounreay Tri--2 x 5 MW--Scotland, 2018
  • WindFloat Atlantic--30 MW--Portugal, 2018-2019
  • Atlantis/Ideol project--100 MW--U.K., 2021
The floating offshore wind sector offers a "vast potential for growth," said WindEurope, with 80% of all the offshore wind resource located in waters 60 metres and deeper in European seas, where traditional bottom-fixed offshore technology is too expensive to deploy.

"One of the key advantages of floating offshore wind is that turbines are located further away from shores in areas with higher average wind speeds without depth constraints," WindEurope stated. "Turbines can be significantly larger on floating installations, and construction, installation, operation and maintenance costs could be lower than on fixed sites. Capacity can thus be improved, leading to an increased generation of electricity, allowing for cost reductions of 10% by 2020 and 25% by 2030."

Industrial Info reported in March that the Scottish government had given the green light to the development of one the largest floating offshore wind projects in the world, the 50-MW Kincardine Offshore Windfarm Project, which will be capable of supplying enough power for roughly 56,000 homes when it is commissioned in 2019. Located 15 kilometres southeast of Aberdeen, it will cost an estimated £250 million ($310 million) and is being developed by joint venture company Kincardine Offshore Windfarm Limited, formed by Pilot Offshore Renewables (Edinburgh, Scotland) and Atkins (Aberdeen, Scotland). For additional information, see March 21, 2017, article - Scotland Approves Largest Floating Windfarm.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.

/news/article.jsp false
Share This Article
Want More IIR News?

Make us a Preferred Source on Google to see more of us when you search.

Add Us On Google

Please verify you are not a bot to enable forms.

What is 37 + 5?
Ask Us

Have a question for our staff?

Submit a question and one of our experts will be happy to assist you.

By submitting this form, you give Industrial Info permission to contact you by email in response to your inquiry.

Forecasts & Analytical Solutions

Where global project and asset data meets advanced analytics for smarter market sizing and forecasting.

Learn More
Industrial Project Opportunity Database and Project Leads

Get access to verified capital and maintenance project leads to power your growth.

Learn More
Industry Intel


Explore Our Coverage

Industries


  • Electric Power
  • Terminals
  • Pipelines
  • Production
  • Alternative Fuels
  • Petroleum Refining
  • Chemical Processing
  • Metals & Minerals
  • Pulp, Paper & Wood
  • Food & Beverage
  • Industrial Manufacturing
  • Pharmaceutical & Biotech

Trending Sectors


  • Data Centers
  • Semiconductors
  • Battery Supply Chain
  • Packaging
  • Nuclear Power
  • LNG