Floating Offshore Wind Can Achieve Cost Parity With Fixed Bottom

Floating Offshore Wind Can Achieve Cost Parity With Fixed Bottom Floating offshore wind can achieve cost parity with fixed bottom solutions by early 2030s: equinor 40% but what we really need to see now is gigawatt scale type of developments to really reach. “we believe that cost parity with fixed bottom wind can be achieved in the early 2030s, but you really need to go at scale – that’s the way to go with floating wind to achieve cost parity,” matei negrescu, vice president of area development north sea renewables at equinor, told the energy transition forum by upstream and sister.

Floating Offshore Wind Can Achieve Cost Parity With Fixed Bottom 2024 atb data for offshore wind are shown above in the visualization tool. wind resource classes 3 and 12 are displayed by default because they are most representative of near term u.s. fixed bottom and floating offshore wind projects, respectively. floating costs are shown in 2030 and beyond. You can see that because fixed bottom and floating share supply chains, turbines and array and export cables, the regulations that we use, the port and infrastructure facilities to a large extent and the o&m and maintenance, can be – they're synergistic with each other, and that's driving floating down along with the fixed bottom cost. you. A recent study by the u.s. department of energy’s (doe’s) national renewable energy laboratory (nrel) unveils a new strategic vision for floating offshore wind. researchers identify barriers that must be overcome to bring down the overall cost of energy produced, then outline a vision for an integrated systems approach with the potential to significantly improve the market feasibility of. Floating offshore wind plants have the potential to be cost competitive with fixed bottom installations, but because the technology has not yet been deployed at commercial scale, it is not clear when and with what configurations this potential cost parity can be achieved.