The Global Wind Energy Council (GWEC) and over 50 companies and organizations in floating offshore wind are urging joint government and industry efforts to speed up the technology’s commercialisation.
This appeal is detailed in the Action Statement for Accelerating Floating Wind, formulated by the Floating Wind Industry Accelerator (FWIA) after ten months of stakeholder consultations worldwide.
Established by GWEC in December 2025, FWIA unites developers, manufacturers, suppliers, investors, insurers, and experts. The coalition prioritizes reducing costs, expanding finance and insurance access, and scaling infrastructure and standardisation.
The goal is to achieve final investment decisions (FIDs) for first commercial-scale floating wind projects by 2030 and support further sector growth.
“Floating wind’s future success requires governments to collaborate with industry to seize opportunities. Acting collectively will unlock billions in future investments,” said Michael Hannibal, Chair of GWEC.
A key recommendation is for governments to turn floating wind targets into investable projects through auction schedules, revenue mechanisms, and port, grid, and permitting decisions.
FWIA advocates for auction systems focused on project deliverability and bankability, revenue mechanisms aligned with project costs, and measures for post-auction changes. They urge governments to combine public and private finance to minimize project risks.
Governments are encouraged to invest in port and grid infrastructure, set national supply chain objectives, and create stable market conditions for manufacturing investments.
GWEC reports countries like the UK, France, and Japan have floating wind targets totaling about 90 GW by 2045.
Currently, 370 MW of floating wind projects are operational globally, with 2 GW under active contracts. An additional 5.5 GW is slated for upcoming auctions in countries like France and South Korea.
Earlier this year, GWEC urged governments to speed up offshore wind deployment, classifying it as critical energy infrastructure to enhance energy security and mitigate future market shocks.
Original Story at offshorewind.biz