Floating Wind Energy
wind turbine
Finance + Economics
Market Intelligence

“Wind is the New Oil”


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 >>

Concept of the Month
The Stiesdal TetraSpar

Henrik Stiesdal (Stiesdal Offshore Technologies, or SOT) designed the TetraSpar based on his vision that once a floater goes into commercialization its design will need to facilitate easy, serial production. Therefore, the TetraSpar will be built in standardized, light weight components and brought together first at the assembly stage of the project. This way the fabrication of the components can be spread over a larger number of fabricators, not only preventing bottle necks but also to spread the economic effect over a larger community so that local content can be maximized. Although the design resembles that of a semisub, it features a ‘keel’ that once ballasted, turns the floater into a Spar with attractive dynamic properties.

At the time we chose TetraSpar as the concept of the month, we didn’t know Shell and Innogy would announce that same week to back Stiesdal for the building of the demonstrator planned to come online in 2019 at the Karmoy test site, Norway in 200m deep water. The TetraSpar can also be installed in shallower waters (>50) in a TLP or Semisub configuration.

The TetraSpar technology has also been selected by Magellan Wind and CIP (Copenhagen Infrastructure Partners) in the US to position itself for floating projects offshore California.

View TetraSpar >>

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

Project of the Month
Hibiki – Formerly Kitakyushu

The NEDO initiated Hibiki project aims to test the next generation of offshore wind floaters. The demonstrator is located 15km offshore the Port of Kitakyushu City, Fukuoka Prefecture, Japan. 

The project features a steel version of the Ideol Damping Pool sized at 51 x 51m and designed to carry large turbines. In this demonstrator project, NEDO preferred to test the 3MW Aerodyn 2-blade turbine. Aerodyn is currently developing a 7.5MW turbine as the step-up model to accommodate larger offshore floating wind capability. ‘Hibiki’, as the floating turbine unit is called, was built at Hitachi Zosen’s Sakai Works and towed more than 150 miles to Kitakyushu Port for assembly. The unit is currently being hooked up to its pre-installed mooring system by Glocal Japan, and will be online later this year. Hibiki will remain operational for 3 years and is expected to return huge feedback on the performance of both floater and turbine, providing input for the future commercialization plans of NEDO.

View Hibiki >>