Could a floating turbine cut offshore wind costs by almost half?

James Murray
clock •

Energy Technologies Institute-backed study suggests innovative floating turbine design could cut offshore wind costs to £85/MWh

An innovative new floating wind turbine design that makes use of cutting-edge "tension leg" technology could slash the cost of offshore wind power from around £150/MWh currently to £85/MWh by the mid-2020s....

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

'A huge opportunity': UK offshore wind supply chain could unlock £14.6bn by 2050

'A huge opportunity': UK offshore wind supply chain could unlock £14.6bn by 2050

Report outlines how UK offshore wind castings and forgings could generate £14.6bn in gross value add and create 10,800 jobs by 2050

clock 15 October 2026 • 3 min read
Crown Estate accused of 'outrageous profiteering' over offshore wind leasing fees

Crown Estate accused of 'outrageous profiteering' over offshore wind leasing fees

Greenpeace issues fresh legal threat against land manager over uncapped fees charged to offshore wind developers that it argues risk undermining the UK's clean energy transition

Michael Holder
clock 01 October 2026 • 5 min read
Amazon inks Scottish wind farm deal with Statkraft

Amazon inks Scottish wind farm deal with Statkraft

New PPA takes Amazon's total investment in carbon free energy in the UK to more than £3bn over five years

clock 30 September 2026 • 3 min read