OFFSHORE FLOATING WIND ENERGY STARTS MOVING INTO HIGH GEAR

The enormous potential that offshore wind energy may be able to offer has been making headlines around the world. In late 2019 the Norwegian energy giant Equinor confirmed that its massive investment in the 88 MW Hywind Tampen Offshore Floating Wind (OFW) farm was going ahead. A few days later the International Energy Agency, IEA, released a major report with astonishing news. It concluded that offshore wind, not just floating but also including fixed-bottom structures, could generate 11 times more electricity than the world needs and attract $1 trillion in capital investments by 2040. Clearly, things are happening in wind power.

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