Our ambitions for Hywind are two-fold:
1. Lead floating wind to industrial scale by 2030.
It will require radical cost reduction and industrialisation to turn floating wind into a competitive renewable resource. Building trust and collaboration with local stakeholders and partners is critical to opening new markets for floating wind, and we need the capabilities to build large scale wind farms that continuously push technology frontiers.
These challenges of scale would be overwhelming for many companies, but with our 45 years of developing offshore industry, Equinor is well placed to take on floating offshore wind.
To develop the floating offshore wind industry, we aim to:
Equinor believes floating offshore wind can reach 12 GW by 2030, which entails that Hywind is not the only concept to succeed. It will require the combined efforts of technology owners, project developers, suppliers and regulators to achieve the necessary scale, innovation and cost reduction—and it will take sharing of risk and reward.
As the technology owner, developer and operator of Hywind, Equinor is in a unique position to accelerate the floating wind industry and build industrial scale.
We believe floating wind will further increase the global market potential for offshore wind energy and contribute to realising Equinor's ambition of profitable growth in renewable energy and other low-carbon solutions.