The wider offshore wind industry wrestled with macroeconomic and supply chain pressures in 2023 that led to a pivot towards more mature plays. This shift also impacted the floating sector, where Aegir Insights postponed commercialization to 2035.

Though lower levels of expected deployment in the near-term will translate into higher costs and longer learning curves for floating wind in the coming years, there were nonetheless key milestones passed by the sector in the last year.

At Aegir Insights we have just released our Q4 2023 Floating Wind Intelligence package to subscribers, some key take-aways include:

• Floating projects are being announced at a slower rate, but more than 80 GW were added to the announced pipeline during the course of 2023.
• Setbacks stole the headlines, but the total floating project pipeline has increased to almost 400 GW globally, while the top 10 developers in the floating space have been consolidating their leads during the year.
• And bright spots remain: Total capacity passed 250 MW in 2023, the first TLP based floating wind farm was installed, Hywind Tampen came fully online, and several countries are progressing legislation which could pave the way for future floating capacities.

Aegir Insights’ quarterly Floating Wind Intelligence

Aegir Insights’ quarterly Floating Wind Intelligence package 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 Maguire Toft or Scott Urquhart 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 here to learn more.