Floating wind projects and partnerships are being announced at breakneck speed all around the world, and industry forecasts are bullish: most stating that more than 10GW will be built globally by 2030.
But policy and permitting frameworks have not been able to keep up. Unless permitting procedures and support schemes are accelerated, Aegir Insights foresees that the floating wind sector will grow slower than defined in its 2030 ambitions.
Policy makes the difference between 5GW and 12GW of floating wind by 2030
In a "frozen policy scenario", where the current policy environment and development pace continues, Aegir Insights sees a risk of only 5GW of floating wind being delivered by 2030 – half than what most other industry forecasts have predicted.
However, in an accelerated policy scenario, where markets accelerate permitting and support for floating wind, Aegir Insights forecasts 12GW, an expectation closer to other industry forecasts. From our analysis, this scenario could come to pass through decisive, political action.
Do you want to know more about which markets are expected to take off and which projects are expected to be delivered by 2030 in each scenario?
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