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
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
9 October 2025
A balanced approach—combining hydrocarbons, renewables and emerging clean technologies—is essential for both energy security and sustainability
