Despite passing a number of milestones this year, the floating wind power sector continues to face great uncertainty over its industrial progress. What are the barriers holding it back?
Last week Aegir held its first Wavelength Intelligence Briefing, featuring our Head of Data Victoria Maguire Toft and Chief Executive Editor Darius Snieckus discussing how the floating wind sector can navigate its way into full-scale international commercialization.
Among the highlighted challenges the sector needs to overcome, in Aegir's view:
- Scale continues to be a key determinant for floating wind power's ultimate growth as it drives lower costs and supply chain development.
- Build-out of floating wind to-date has been quite fragmented, slowing the industry's up-shift to serial production and contributing to less-than-optimal learning curves.
- Consolidation of technology options, starting with hulls/platforms, will be central to the speed of the sector's industrialization.
Additionally, we see a development from fixed-bottom projects going into deeper areas. How could this affect the future of floating wind?
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