Floating offshore could reach cost parity with fixed offshore wind
Floating offshore wind capacity doubles in 2022
Sector is likely to continue to gain momentum as costs fall
The global pipeline of floating offshore wind projects has more than doubled from 91GW a year ago to 185GW today, according to an Energy Pulse Insights report from industry body RenewableUK. Of the total, 121MW is fully commissioned over nine projects in seven countries, 96MW is under construction, 288MW has been approved or is in the pre-construction phase, 31GW is in planning or has a lease agreement, and 153GW is in early development or is in the leasing process. Europe is home to 107GW of the floating capacity pipeline, while the US, Australia and South Korea make up most of the remainder. 185 GW – Global pipeline of offshore wind capacity “The growth of floating offshore wind is
Also in this section
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
