Report: Floating Wind Power to Grow 2000-fold by 2050

Floating wind will deliver 2% of the world's power supply until 2050 (Image: DNV GL Energy Transition Outlook)

According to a new report by risk management and quality assurance company DNV GL, the cost of floating wind will fall approximately 70% by 2050 (to a global average of 40 EUR per MWh)

Official Press Release DNV GL:

Floating wind power to grow 2000-fold by 2050 but more comprehensive standards and risk management required – report

Wind Industry Profile of

Floating wind will play an important role in decarbonizing the global energy system, contributing 2% of the world’s power supply by 2050, but more comprehensive industry standards and risk management is required for the technology to scale.

According to a new report by risk management and quality assurance company DNV GL, the cost of floating wind will fall approximately 70% by 2050 (to a global average of 40 EUR per MWh.) and offer new opportunities to players in the offshore wind, oil & gas and maritime industries as they shift their portfolios to become less dependent on fossil fuels. DNV GL has played a central role in creating and implementing many of the rules and standards that have helped the maritime, oil & gas and offshore wind (fixed)... ... More: Official Press Release DNV GL