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According to Carbon Trust's new Summary Report on the Second Phase of the Floating Wind Joint Industrial Project (JIP), 70GW of floating offshore wind is expected to be installed globally by 2040
.
The report added that the nascent industry could grow rapidly by 2040, delivering £195bn worth of projects, and highlighted "opportunities for global supply chains to support and invest in floating wind"
.
Even in the short term, the study predicts that up to 10.
7GW of global floating wind power will be added to the industry by 2030
.
Floating wind technology can install offshore wind turbines in deeper waters that are not suitable for immobilization, opening up a broader market
for renewable energy generation.
Pilot projects show the potential for similar or even higher yields of floating turbines compared to bottom-fixed projects, as they can be located in locations
where wind resources are more abundant.
Proponents of the technology also predict that because floating technology does not require infrastructure, it can reduce development costs
.
However, the report acknowledges that technical challenges remain in four main areas: turbine demand and base expansion; and heavy lifts offshore operations; dynamic output cable; Monitoring and inspection
.
Despite these challenges, the report concludes that floating wind technology has significant growth potential
.
"We hope this will be a key area for low-carbon power generation and economic growth because deep waters do not allow the use of stationary offshore wind turbines in these areas," said
Dany Kyle Spearman, Floating Wind JIP manager at the Carbon Trust.
According to Carbon Trust's new Summary Report on the Second Phase of the Floating Wind Joint Industrial Project (JIP), 70GW of floating offshore wind is expected to be installed globally by 2040
.
The report added that the nascent industry could grow rapidly by 2040, delivering £195bn worth of projects, and highlighted "opportunities for global supply chains to support and invest in floating wind"
.
Even in the short term, the study predicts that up to 10.
7GW of global floating wind power will be added to the industry by 2030
.
Floating wind technology can install offshore wind turbines in deeper waters that are not suitable for immobilization, opening up a broader market
for renewable energy generation.
Pilot projects show the potential for similar or even higher yields of floating turbines compared to bottom-fixed projects, as they can be located in locations
where wind resources are more abundant.
Proponents of the technology also predict that because floating technology does not require infrastructure, it can reduce development costs
.
However, the report acknowledges that technical challenges remain in four main areas: turbine demand and base expansion; and heavy lifts offshore operations; dynamic output cable; Monitoring and inspection
.
Despite these challenges, the report concludes that floating wind technology has significant growth potential
.
"We hope this will be a key area for low-carbon power generation and economic growth because deep waters do not allow the use of stationary offshore wind turbines in these areas," said
Dany Kyle Spearman, Floating Wind JIP manager at the Carbon Trust.
