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Tower makers in best place to slash costs for floating wind

As we said in Rethink’s forecast earlier this year – floating wind is on the verge of takeoff, with as much as 19 GW to be installed globally by 2030. Currently however, it’s stuck in a Catch 22-style conundrum: The industry needs to become cost competitive before it takes off, but also needs to develop its supply chain in order to do so. While some players may wait around for subsidies, which may or may not materialize, looking to the cost-saving experts in the onshore tower manufacturing sector could provide an ideal route to slash the costs of floating platforms early on. At WindEurope’s Offshore 2019 conference last week, it was clear that the industry is incredibly excited by the…

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