Global Floating Wind Turbine Market Size is Estimated to Reach USD 54,704 million by 2030, Growing at a CAGR of 32.8%: Straits Research

New York, United States, Dec. 19, 2023 (GLOBE NEWSWIRE) — Wind turbines are machines that convert the wind’s kinetic energy into electricity. A floating wind turbine is a submerged offshore wind turbine supported by a floating base. The wind turbine can generate electricity in water depths where a fixed foundation would be inapplicable because it is mounted on a structure. Multiple mooring cables and anchors secure the turbine to the ocean floor. Any body of water with a depth of 60 meters or more is suitable for a floating wind turbine. Furthermore, floating wind turbines can generate electricity consistently, unlike onshore wind turbines, due to the constant wind flow along the shore.
(GlobeNewsWire)