IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’
As of 2023, there was around 270MW of floating wind capacity in operation, with the global pipeline for new floating projects standing at 244GW, according to a market outlook report commissioned by the 2023 Japanese G7 Presidency & issued by the International Renewable Energy Agency (IRENA).
According to the report, meeting the 1.5°C goal requires 494GW of offshore wind capacity on the grids globally by 2030 & 2,465GW by 2050.
Despite progress in building new offshore wind farms, there was a total of 63GW of installed capacity in 2022. And just as there are calls to help the global offshore wind industry bring projects to realisation faster, the floating wind industry is seeing recommendations & initiatives to scale up the industry, bring the costs down & roll out floating wind farms more quickly.
In the floating offshore wind outlook, issued this July, IRENA outlines several observations with recommended actions to help put floating wind on a fast track.
Among the recommendations is for the countries with floating wind to accelerate international cooperation, as floating offshore wind is currently concentrated in certain markets. IRENA says that “it is imperative that, from the start, international cooperation in this field continues to scale up & prevent the development of silos”.
To achieve this, G7 members should cooperate with IRENA’s Collaborative Framework to collect & disseminate key trends/learnings from floating offshore wind. The report also states countries should continue to participate in joint research projects within the G7 & other countries.
“To drive international co-operation, there is a need to continue developing joint R&D programmes & projects on floating offshore wind. This is already happening in this space, for example with Japan entering partnerships with Denmark & Norway”, the report reads.
One of the actions the Agency lists in its recommendations is setting long-term deployment & cost-reduction targets for floating offshore wind, in line with the 2030 Agenda & beyond.
The report further also calls for directing more resources & investment towards existing floating wind solutions, in consultation with the industry, to promote economies of scale.
IRENA also notes that, while the coupling of floating wind and hydrogen is currently not a priority for the industry, pilot initiatives are demonstrating the potential opportunities so continued innovation & investment in this space should be encouraged.
In the report, IRENA listed a total of eleven observations, each accompanied by recommended action points.
Our View - exciting times for floating wind ahead. What do you think?
Original article by Offshorewind .biz
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