Projects in progress
Of the estimated 400GW offshore wind market by 2050, Floating Power Plant will be targeting 20GW, corresponding to €50bn potential revenue with the only technology to target high wave energy sites.
At the head of Floating Power Plant’s developing project pipeline are Dyfed Floating Energy Park in Wales and Katanes Floating Energy Park in Cathness. At one of these sites Floating Power Plant will:
Deploy ~30 units over 3 stages and be a 50% shareholder in the first stage of the project companies. DP Energy, the other 50% shareholder, will lead the project development
Further sales pipelines are in development in the UK, China and Belgium.
Projects in the pipeline and areas with high potential
Offshore wind installations are moving further away from the shore and into deeper waters, due to the scarce availability of wind sites, creating a need for floating foundations. These are Floating Power Plant's key global market segments.