The report “Floating Offshore Wind – A Global Opportunity” was released today by the Global Wind Energy Council.
Aegir Insights delivered the report for GWEC based on a data-driven market screening followed by a deeper assessment of five focus markets.
Emerging floating wind markets in focus
A small group of floating wind pioneers are expected to install the first commercial-scale floating wind projects by 2030. “Floating Offshore Wind – A Global Opportunity” identifies markets with potential to emerge soon after these pioneering markets.
Aegir carried out a screening of 115 potential floating markets, aimed at identifying high potential floating offshore wind markets post-2030. From this long list of potential future floating markets, we identified five countries as part of a “chasing pack”, on the heels of the leading floating wind markets. The market screening includes qualitative assessments of policy targets as well as quantitative assessments of technical potential for floating offshore wind, size of the electricity market, competing renewables, etc.
Five markets were chosen as the chasing pack: The US West Coast, Ireland, Italy, Morocco and the Philippines.
These markets from different regions of the world have the right conditions to kickstart floating offshore wind development and chase after the frontrunning markets, which illustrates the global nature of the floating wind potential. Political action will determine which of these markets emerge first, and the report follows the broad screening with a more in-depth assessment of status quo in the five chosen markets.
Download the report from the Global Wind Energy Council (GWEC)
Learn more about the market screening, policy recommendations for the “chasing pack” markets and future opportunities for floating offshore wind by downloading the report here: “Floating Offshore Wind – A Global Opportunity”
Get in touch to learn more about how Aegir Insights’ market screening tool, which assesses markets based on a quantitative scoring according to key parameters, and how this tool can inform your renewable energy strategy.