Key Findings
The Europe floating power plant market is projected to register an 11.17% CAGR during the estimated period 2023-2028. Market growth is propelled by advanced technology investments, clean energy subsidies, strict carbon emissions regulations, and geopolitical crises prompting a shift towards renewables.

Market Insights
The Europe floating power plant market growth assessment includes a thorough analysis of Germany, the United Kingdom, Italy, Spain, France, and Rest of Europe. Spain possesses significant potential for offshore wind energy development thanks to its extensive coastline and favorable geography. The country’s fixed offshore wind technological potential is 12 GW, while the floating offshore wind potential is 207 GW, as the Global Wind Energy Council reports. Spain is expected to offer 25-year concessions for floating solar projects, requiring developers to include grid connection licenses in project submissions, which benefits hydroelectric dams over water locations lacking grid capabilities.
On the other hand, France aims to increase its wind generation capacity to at least 21.8 GW by 2023. The French government announced changes to planning laws to facilitate this expansion, simplifying wind construction. In 2019, France unveiled ambitious plans to install 1 GW of offshore wind energy annually between 2020 and 2024, as outlined in the nation’s new draft energy plan (PPE). While most wind power is generated onshore, France boasts one of the world’s largest floating offshore wind power markets.
In Italy, floating wind activity is rising due to new regulations promoting large-scale installations. In March, the government introduced a proposed market framework that includes price support measures and 3.5 GW of offshore wind power auctions between 2023 and 2026.

Competitive Insights
Key Market Players include Ciel & Terre International, Floating Power Plant A/S, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments