FLOATING OFFSHORE WIND (FOW) is viewed as a viable solution at water depths exceeding 50 to 60 m (164 to 197 ft) with abundant wind resources. By mid-century, DNV predicts that 2% of the world's electricity demand can be supplied by cost-efficient and dependable FOW.1 As a fast-evolving technology, it has the potential for less foundation material, shortened installation cycle and decommissioning, and additional wind power generation. However, to fully take up the potential, floating wind needs to overcome its major challenges, costs, and confidence.
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