Risks associated with floating wind projects will need appropriate management and mitigation measures to bring comfort to financial investors. Certification and classification will be essential together with developer and contractor experience, technology choice, contracting structure as well as strong knowledge of the local conditions.

Utilising Norwegian experience and expertise

Based in Norway, developers of floating oil and gas production facilities, such as floating production storage and offloading (FPSO) units have flocked into the floating wind industry and are now competing to build the most efficient and low-cost solutions. From the start of the Hywind pilot on the west coast of Norway by Equinor some 15 years ago, through the project off Scotland and now at Tampen, costs of floating wind have dropped significantly. Other Norwegian industries with strong roots inflexible cables, concrete and steel construction, mooring, digital engineering, maritime O&M solutions, materials and coating, corrosion protection – and so on – are now engaging to deliver floating expertise to the European and Asia Pacific regions alike.

In conclusion, combining European expertise with the Asian steel, concrete and mass manufacturing knowledge, proper risk management and utilizing standards and certification guidelines will support Asia Pacific’s floating wind growth expectations.

Find out more about Floating Offshore Wind with Norwep by re-watching our session recording of Global Offshore Wind Summit – Taiwan 2020 below! 

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