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Floating Offshore Wind: The next five years

Turning forecasts into tangible business strategy

By 2050, we predict that floating offshore wind will generate 264 GW or 15% of all offshore wind energy. To put this into context this is the equivalent to a development of more than 3,000 times the size of Hywind Tampen, the world’s largest floating offshore wind farm, currently under construction in Norway, or 15,000 individual turbines. But while a long-term view is necessary and plays an important role in helping to make sense of complex changes, it can be hard to understand how any changes might impact your businesses strategy in the near-term future.

This report aims to make sense of the growing market for floating offshore wind by bringing together the most relevant findings from DNV’s forecasts and exploring the technology innovation, cost challenges and investment and policy decisions that are needed in the next five years to make commercialized floating offshore wind a reality.

Floating offshore wind: The next five years