Floating Wind in Asia Pacific Intensifies on TOTAL’s 2 GW Announcement in South Korea

TOTAL’s announcement with Green Investment Group yesterday about Floating wind in South Korea is an important milestone in offshore wind energy and towards accelerated momentum in the Floating wind segment. Quest Floating Wind Energy’s Q Vision illustrates a $35 billion Total Addressable Market in CapEx for the Asia Pacific region with South Korea now leading other countries in the region with 12 projects following this announced addition of over 2 gigawatts (GW). This marks twenty-six Floating wind projects in Asia with varying project statuses as defined by Q Vision, sixteen of these rated at 400 megawatts (MW) or more. TOTAL now represents about 23% of the regions projects followed by Shell (EOLFI) at 18% and Equinor with over 8%.  The bulk of this activity has materialized over a short period of time and these projects are in the early stages of planning.

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