Floating Wind Energy
wind turbine
Finance + Economics
Market Intelligence

“60-80% of the world’s best wind resources lie in waters not compatible with bottom-fixed solutions”

— Bruno Geschier, Ideol Chief Sales & Marketing Officer

Q FWE Identifies 8.5 GW of
Floating Wind Energy

We are pleased to debut a new Q Vision analytical tool for those focused on Floating Wind Energy.  Worldwide Floating Wind Projects with Total MW  is the first in a series of Microsoft Power BI “front ends” which allows the user to interrogate the new Q Vision system, the world’s most comprehensive Floating Wind Energy database.  Look for new Q Vision analytical tools focused across the spectrum of the global supply chain including Floating Units Installed, Costs, LCoE, Cabling Arrays, Tonnage and Moorings in the near future.

For a limited time, this fully functional report is being offered as a complimentary sample of the power of Q Vision coupled with Microsoft Power BI.  The three pages of the report highlight projects by total MW bubble size on a world map, cumulative total MW to 2030 and beyond, and cumulative Total MW by country.  Each page has filters for Current/Planned/Possible projects as well as Region and Development Type.  You can select checkbox values, item(s) in the table or the bubbles on the map to drill down.  The reports also support multi-select by ctrl-click.  (To clear a filter, click on one value and then click it again.)

Access Q Vision >>

Project of the Month
Kincardine Tranche 1

The Kincardine project development started in 2013, then planned to consist of 8 floaters of 6MW to be installed some 15km south west of Aberdeen, Scotland. This was later changed to 6x8MW turbines and late 2017 opted for installing an existing floater as to assure the project’s ROC deadline would be made in time. For this stage, the Principle Power WindFloat 1 (decommissioned from its pilot project offshore Portugal) is currently being prepared in Scotland to be hooked-up on the pre-installed mooring system this summer.

The Kincardine project has been split up in 3 tranches. FTU 1 as above in 2018, 3 FTUs in 2019 and finally completed with 3 FTUs with an online target of August 2020. The 2MW unit will remain in the field for maximum 3 years after which it will be possibly relocated it to the original 8th FTU location.

Kincardine is one of the 3 projects in development in Scotland, now seemingly the only to make the ROC deadline of October this year, although an ROC extension request for Dounreay Tri and Forthwind, with possibly 3 floating units in the 2nd stage of the project, is pending.”

View Kincardine Tranche 1 >>

Q FWE Introduces
Project Economics Calculators

Quest FWE introduces its Project Economics Calculators designed to verify assumptions, make comparisons and/or simply check variable inputs.

The Q FWE Project CapEx Calculator can be used to determine a CapEx Threshold for your FTU-Floating Turbine Unit Project, based on a 20 year lifespan, allowing user specified inputs for: Turbine Size (MW), Capacity Factor at Location, Electricity Feed-In Tariff, level of annual OpEx, and targeted annualized Pre-tax Rate of Return.

The Q FWE Project FiT Calculator can be used to determine the required FiT (Feed-In Tariff) for your FTU-Floating Turbine Unit Project, based on a 20 year lifespan, allowing user specified inputs for: CapEx, Number of FTU’s, Turbine Size (MW), level of OpEx, targeted annualized Pre-tax Rate of Return, and Capacity Factor at Location.

These can be accessed on our Q FWEconomics Page

Floating Concept of the Month
The Damping Pool Concrete Barge

The Damping Pool floater design allows construction in concrete as well as in steel. Concrete has an anticipated long life time and low maintenance requirements, however local preferences may favor a steel construction.

The designer, French company Ideol, installed the first concrete Damping Pool earlier this year over the test site SEM REV off the French Atlantic coast as a demonstrator, a project named Floatgen, carrying a 2 MW turbine.

More or less simultaneously to the French demonstrator, Ideol built a steel version floater in Japan for Marubeni/NEDO. The company proved flexible in its choice of turbine-make also, as it changed over a year ago to the 2-blade direct drive Aerodyne turbine (2MW) a development that was eyed by NEDO for some time. The floater is currently being installed some 13 kms offshore the city of Kitakyushu, Japan.

The Ideol Damping Pool is also slated for one of the four French pre-commercials, the 25MW Quadran Eolmed (Gruissan) project. Four Damping Pool floaters, each carrying a 6.2MW turbine, will be the prelude to the full scale (500MW) commercial stage Eolmed project, planned for 2025.

View Damping Pool: Concrete >>