The pipeline of floating wind projects announced around the world is swelling and has passed the 300 GW-mark. But with a harsh supply chain squeeze and only a few projects globally having secured a route to market, how much floating wind capacity will we actually see installed in the coming years?
Aegir Insights just released our quarterly floating wind intelligence package to our subscribers.
- New markets, including Australia and New Zealand, continue to announce new GW-scale projects, boosting the pipeline.
- Aegir’s central scenario forecasts a global floating wind capacity of 4.3 GW by 2030, almost 3 GW of which is expected in Asia Pacific, with the majority coming from China. The remaining almost 1.5 GW is expected to be scattered in European markets, whilst North American build-out will come in the next decade.
- Build-out speed is expected to pick up between 2030 and 2035, resulting in significant growth in installed capacity by 2035 compared to 2030. However, constraints stemming from e.g. the supply chain are still expected to affect floating wind build-out well into the next decade.
- Compared to earlier forecasts, this update lowers the 2035 central scenario by 35 %. Aegir’s central scenario now forecasts a global capacity of 26 GW floating offshore wind installed in 2035.
Aegir Insights’ quarterly intelligence package includes a concise insights report plus high-quality market forecasts and tracking of projects, partnerships.
Aegir’s clients can reach out to schedule a bespoke walk-through of the insights.