Aegir Insights' Q3 intelligence for the global floating wind market includes a downward adjustment of the market forecast. Commercialization of the sector is now expected towards 2035.
The global installed capacity of floating wind is rapidly approaching (and set to pass) 250 MW, with the global pipeline of floating projects now being around 400 GW.
However, at Aegir Insights we have just released our quarterly Floating Wind Intelligence package to subscribers with a downwards adjustment of our market outlook and a postponed expected commercialization of the sector towards 2035. The realistic build-out forecast for 2030 is reduced to 1-2 GW, based on actual project progress, lack of route to market and general uncertainty in the offshore wind sector.
Some key take-aways from our insights report:
- Floating projects are still being announced, but the rate of announcements has decreased compared to the first half of 2023.
- In many cases, the route to market remains an open question and significant supply chain developments are needed to enable large-scale deployment and bring down costs.
- The pace of floating wind build-out is forecast to increase towards 2035 when several new markets will install their first floating projects.
Aegir Insights' Floating Wind Intelligence
Aegir Insights’ Q3 Floating Wind Intelligence service includes a project database, floating partnership analysis and high-quality market forecasts based on our extensive industry experience in market and project development.
Aegir’s clients can reach out to Victoria Toft to schedule a bespoke walk-through of the insights.
If you’re not a client yet but would like more information on Aegir’s floating intelligence package, please reach out to us to learn more.