The next phase of the energy transition demands committed implementation of new technologies. Floating offshore wind is opening new possibilities for wind power locations and will play a critical role in the transition to a cleaner energy supply, contributing significantly to an increase in offshore wind power. Floating offshore wind capacity is projected to almost 217 GW by 2050, as per DNV's 2024 Energy Transition Outlook (ETO) research.
Following first successful prototypes and demonstration projects, floating offshore wind is now taking the first steps in commercialization. Currently, the LCOE for floating offshore wind (USD 290/MWh) is more than twice that of fixed offshore wind (USD 133/MWh). By 2050, DNV's 2024 ETO Predicts the global average LCOE for fixed offshore wind to be around USD 67/MWh and floating offshore at approximately USD 96/MWh, a difference of only 45%. These cost reductions will be driven by volume increases and the advantages of experiential learning.
Global knowledge from key competence centers of DNV
Faced with challenges coming from unknown territory, many new concept designs and market players, the industry needs reassurance that all possible steps have been taken to minimize risks and maximize the chances of a successful project.
DNV enables floating offshore wind commercialization by providing digital tools and guidance to develop safe, reliable and cost competitive projects. With our industry standards, global presence and 160 years' experience in managing risks of offshore technologies we provide stakeholders with the needed confidence to implement the novel floating offshore wind technology around the world.
We have services to support floating offshore wind projects, delivered with experience from offshore wind, maritime and oil & gas.
Power and renewables
Floating wind energy certification
Power and renewables
Services for the entire offshore wind lifecycle
Power and renewables
Software for offshore wind
Joint industry projects
We invest material percentages of our annual revenues in research and development (R&D) including leading JIPs focused on floating offshore wind. The following are JIPs directly supporting the improvement of floating wind development with others in the works.
Optimizing mooring and dynamic cable design requirements for floating wind
The JIP will provide new and vaulable insights on load and capacity of these critical components and the recommendations will form basis for tomorrow’s design requirements.
Ground investigation for floating wind turbines
Focussing on pragmatic approaches to site investigation and ground modelling.
Concrete for Floating Offshore Wind
DNV has secured sufficient interest from industry partners to launch a new joint industry project to enhance technology development and prepare for scale/industrialization of concrete substructures for floating offshore wind.
Floating offshore wind substations
DNV is looking for partners to launch a new Joint Industry Project to enhance technology development for floating offshore substations.
Insights
Learn more about floating offshore wind
REPORT: Turning ambition into action
Read our floating wind report to get insights on choosing investment criteria and mitigating risks to commercialize floating offshore wind.
Projects and cases
DNV concludes Phase 1 of joint industry project to optimize design of floating substations
The collaborative industry effort has brought together 38 participating companies to tackle the distinctive challenges associated with floating offshore substations.
DNV provides technology qualification services for aerodyn’s new floating offshore wind design
Innovative concept allows for a rated power of 15 MW.
DNV certifies Naval Energies’ floater design basis for floating wind farm and design methods
DNV’s comprehensive certification delivers maximum floating offshore wind stakeholder confidence
DNV provides technical and market advice to Tokyo Gas on USD 22 million investment in Principle Power floating wind technology
Technical due diligence supports draws on DNV global leadership in floating wind technology.
DNV supports Equinor with verification study for Hywind Tampen floating wind farm
The introduction of floating offshore wind could cut emissions from the oil fields by more than 200,000 tonnes per year.
DNV successfully completed technical due diligence for 25 MW Windfloat Atlantic floating wind project
Technical Due Diligence helped secure EUR 60 million from the European Investment Bank to become world’s first project-financed floating wind farm
DNV launches revised design standard and new certification guideline for floating wind turbines
The documents can be applied for the design and certification of floating wind farms, floating wind turbines or their components.
DNV provides concept certification of Fred. Olsen 1848’s floating wind turbine, BRUNEL
DNV has provided Fred. Olsen 1848 with a Statement of Feasibility (similar to an Approval in Principle) for their floating wind turbine concept, BRUNEL.
DNV awards Odfjell Oceanwind AiP for new Deepsea Semi™ floating offshore wind foundation
DNV has awarded Odfjell Oceanwind an Approval in Principle (AiP) for their new Deepsea Semi™ floating wind foundation design. The Deepsea Semi™ floating wind foundation design has been developed for use in floating wind farms and for off-grid applications including temporary electrification of oil and gas installations in harsh environments.
DNV provides certification services for Hexicon’s floating wind demonstrator project TwinWay
The intention of the TwinWay project is to show proof of concept for Hexicon´s floating wind foundation TwinWind.