UK Markets closed
  • NIKKEI 225

    26,433.62
    -211.09 (-0.79%)
     
  • HANG SENG

    26,341.49
    -553.19 (-2.06%)
     
  • CRUDE OIL

    45.05
    -0.48 (-1.05%)
     
  • GOLD FUTURES

    1,774.00
    -7.90 (-0.44%)
     
  • DOW

    29,638.64
    -271.73 (-0.91%)
     
  • BTC-GBP

    14,575.65
    +16.56 (+0.11%)
     
  • CMC Crypto 200

    381.30
    +16.70 (+4.58%)
     
  • Nasdaq

    12,198.74
    -7.11 (-0.06%)
     
  • ^FTAS

    3,542.87
    -50.81 (-1.41%)
     

Floating Offshore Wind Farms the Next Step for Wind Power

Research and Markets
·2-min read

Dublin, Nov. 06, 2020 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com published a new article on the offshore winds industry "Floating Offshore Wind Farms the Next Step for Wind Power"

Fixed foundation offshore wind farms are economically limited to shallower water depths of 40m to 50m which leaves significant potential deep water wind resources untapped. In contrast, floating offshore wind farms can be held by mooring lines attached to anchors in waters deeper than 50m. Recently Diamond Offshore Wind and RWE Renewables announced they have joined in a $100 million partnership to build a full size floating turbine on the site of the University of Maine's floating offshore wind demonstration project which first began to feed power into the US electric grid in 2013.

Equinor ASA also recently began construction on the world's largest floating offshore wind farm and aims to see floating offshore wind become competitive with other forms of energy by 2030. Hywind Tampen, located about 140 kilometers off the Norwegian coast in depths of 260 to 300 meters, will be the first floating offshore wind farm to supply renewable power for oil and gas installations. The wind farm is expected to cover about 35 percent of the annual power needs for five platforms in the Gorre and Snorre fields and will reduce emissions by more than 200,000 tonnes per year.

To see the full article and a list of related reports on the market, visit "Floating Offshore Wind Farms the Next Step for Wind Power"

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900