Currently, floating offshore wind is much more expensive than its fixed-bottom counterpart, but as with its predecessor, as the industry scales it may be that cost reductions occur, and the industry can become price competitive.
The relatively constraint-free floating wind and associated electrolysis and infrastructure could be sited near existing oil and gas assets and a pipeline network which may be suitable for distributing the finished hydrogen to shore. This is not fanciful the dolphyn project off Aberdeen is already in the public domain and oil and gas majors BP, Total and Shell are all engaged, with sites are being assessed. One to watch with interest is Scotland’s ScotWind leasing round where around four gigawatts of floating wind development is being scoped. Sites off California, Wales, Holland, Germany, Norway, and Ireland are all being actively pursued.