Should oil and gas firms target floating wind?
The technical expertise of the offshore oil and gas industry makes it well-placed to diversify in the booming global market for wind generation in deep water
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Written by Christopher Aird, associate, Kathryn Emmett, knowledge of counsel and Penny Cygan-Jones, senior knowledge lawyer, Norton Rose Fulbright
Floating wind installations are gaining traction across the world, particularly in the UK, France, Japan and the US. The World Bank predicts that floating offshore wind could also play a leading role in the energy mix for countries such as Brazil, Vietnam and South Africa in the future, representing a potential for large-scale projects located close to areas of concentrated energy demand.
Oil and gas majors are uniquely positioned to capitalise
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