Developers Pull Back as Confidence Wanes in Floating Offshore Wind, Survey Reveals

Developer confidence in floating wind sinking

Delivery delays, investment risk and sluggish policy implementation cited as reasons for sharp fall in optimism across sector, says new study

A new study by Westwood Global Energy Group, the company specializing in energy market consulting and research, reveals that developers are showing signs of the withdrawal of floating marine wind energy as short-term growth expectations fall and confidence in parts of the value chain decreases. Related:Ocean Winds is awarded a 250 MW floating marine wind project in the French MediterraneanThe results are derived from Westwood's annual survey on …

Developers pull back as confidence wanes in floating offshore wind, survey reveals

New research suggests the floating offshore wind industry is facing a slowdown with declining confidence among developers leading to more weakened growth forecasts. The post Developers pull back as confidence wanes in floating offshore wind, survey reveals appeared first on New Civil Engineer.

Windtech International - Floating wind developers scale back as confidence drops amid delays and financial barriers

New findings from Westwood Global Energy Group indicate that developers are becoming more cautious about floating offshore wind, citing delivery delays, policy uncertainty and investment risk as key concerns. Westwood’s annual Floating Offshore Wind Survey, based on responses from 166 stakeholders across the global floating wind supply chain, shows that short- and long-term growth expectations have declined. Participants included engineers, deve…