Climate
Global floating offshore wind project pipeline grows by one-third over 12 months
A NEW report published today by RenewableUK shows that the total pipeline of floating offshore wind projects has grown significantly in the last 12 months in terms of capacity from 185 gigawatts a year ago to 244GW now – a 32% increase.
The number of projects has increased globally during that time from 230 to 285. The pipeline includes projects at any stage: fully operational, under construction, approved, in the planning system awaiting a decision or at an early stage of development.
The EnergyPulse Insights report was compiled by RenewableUK’s data analysts to coincide with the opening of our 2-day Floating Offshore Wind 2023 conference and exhibition in Aberdeen.
So far, 227 megawatts of floating wind are fully operational across 14 projects in 7 countries. Norway has the most with 94MW across 3 projects. The UK is second with 80MW (2 projects), Portugal has 25MW (1 project) and China is fourth with 19MW across 3 projects. Japan has 5MW (2 projects), Spain 2.225MW (2 projects) and France 2MW (1 project).
Globally, 46MW are under construction (3 projects), 576MW are consented or in the pre-construction phase (11 projects), 68GW are in the planning system or have a lease agreement (80 projects), and 175GW are in early development or applying for a lease (177 projects).
Nearly two-thirds of floating wind capacity announced so far worldwide are being developed in European waters (160GW), 14% is in the UK (35GW – of which 29GW is in Scottish waters). Outside Europe, projects are being developed mainly off the west coast of the USA, the southeast coast of Australia and South Korea.
Although Italy has the largest project pipeline (40,071MW), nearly all its 47 projects are at an early stage of development, with only one (90MW) submitted into the planning system so far.
Floating Offshore Wind Total Portfolio By Country (MW)
The report also shows that demand for floating foundations is expected to ramp up fast, with the potential for 472 in the UK by the end of 2032. There could be 1,369 floating foundations in Europe and 1,924 for projects globally by the end of 2032.
RenewableUK predicts that floating wind will represent well over half of the UK’s offshore wind generation by 2050, generating around £43.6bn in economic value and more than 29,000 jobs. It will also play a critical role in regenerating our coastal communities; with £4bn required to transform up to eleven ports across the UK into industrial hubs for mass roll-out of floating wind by the turn of the decade. There is up to £3.6bn in development funds ready to be released across 24GW of floating capacity with leasing secured in UK waters.
RenewableUK believes that the Government’s target of reaching 5GW of floating wind in UK waters by 2030 remains achievable, but the next CfD auction and future rounds must be underpinned by sustainable parameters in order to maximise deployment, drive down costs and incentivise investment in domestic supply chains. This year’s Contracts for Difference (CfD) auction failed to secure any new floating wind capacity, despite 250MW of floating wind capacity being shovel-ready.
RenewableUK’s Chief Executive Dan McGrail, Co-Chair the Floating Wind Taskforce said:
“This report shows that although the UK is a world leader in floating wind, other countries are eyeing the massive economic opportunity offered by this innovative technology and are determined to get a slice of the action. The international competition for investment is intensifying rapidly.
“We urgently need a step-change from our partners in Government to ensure that this cutting-edge industry can attract billions in investment to boost deployment and build up new supply chains, rather than focussing solely on a race to the bottom on prices.
“To ensure that the UK seizes the industrial benefits of developing state-of-the-art technology and revitalising ports around the country, we need to see sustainable prices to enable stepping-stone projects to go ahead in a successful auction next year, and every year going forward. Leveraging these projects will enable us to replicate the cost reductions we’ve seen in fixed-foundation offshore wind, as well as catalysing supply chain development. We’re determined to make the 2020s a decade of acceleration for floating wind”.
Climate
Ice warning issued as temperatures fall below freezing across Pembrokeshire
Cold snap expected to create hazardous roads and pavements overnight into Monday morning
PEMBROKESHESHIRE residents are being urged to take extra care after a yellow weather warning for ice was issued for the whole of Wales.
The alert, issued by the Met Office, covers the period from late Sunday night (Feb 1) until mid-morning on Monday (Feb 2), with temperatures expected to drop to around minus two degrees Celsius in some areas.
Forecasters say wet roads and surfaces left by earlier showers are likely to freeze quickly after dark, creating icy stretches on untreated roads, pavements and rural lanes across Pembrokeshire.

Travel disruption possible
The Met Office warns that icy patches may form widely, increasing the risk of slips and falls and making journeys slower and more hazardous, particularly during the Monday morning commute.
Untreated side roads, country routes and shaded areas are expected to be most affected, with black ice possible in places where frost is not easily visible.
Drivers are advised to allow extra time for journeys, slow down and keep a safe distance from other vehicles. Pedestrians are urged to wear suitable footwear and take care on steps, slopes and pavements.
Gritting teams are expected to treat main routes overnight, but officials warn that not every road can be covered.
Local outlook
Temperatures across the county are forecast to fall sharply after sunset on Sunday, with frost forming widely before dawn. Inland and higher ground areas are likely to see the coldest conditions.
Residents are also being encouraged to check on elderly or vulnerable neighbours and ensure homes are adequately heated during the cold spell.
Conditions are expected to improve later on Monday as temperatures rise above freezing, but further updates may be issued if the forecast changes.
Climate
Breaking down barriers between finance and industry in offshore renewables sector
EARLIER this week, Marine Energy Wales brought together senior representatives from national and devolved finance institutions with developers, ports and supply-chain companies operating across Wales’ offshore renewable energy sector for a dedicated finance roundtable in Pembroke Dock. Attendance was limited to premium MEW members to allow for frank, focused discussion.
The session was intentionally designed to be different.
Rather than relying on formal presentations or sales pitches, the roundtable created a facilitated, closed-door space for open dialogue. Finance organisations were able to explain clearly how they operate, what types of projects they can support, and where constraints still exist. Industry participants, in turn, set out the real-world challenges they are facing across tidal energy, floating offshore wind, port infrastructure and supply-chain development.
What emerged was more than information sharing—it was a clearer, shared understanding of how decisions are made on both sides.
From siloed conversations to shared problem-solving
A consistent theme from the discussion was that significant public and institutional finance is now available to support clean energy projects. However, navigating that landscape remains complex, particularly for early-stage developments, smaller supply-chain businesses and emerging technologies.
By bringing the right people into the room at the same time, the roundtable helped to:
- demystify how different finance bodies assess risk, scale and project readiness
- highlight where policy ambition, market signals and investment criteria are not yet aligned
- identify opportunities where better sequencing and coordination of funding could unlock progress
- establish direct relationships that will support follow-up conversations beyond the room
The discussion also surfaced where gaps remain. In particular, the need for clearer market signals and more tailored support for tidal stream and other early-stage marine technologies was repeatedly raised. These are challenges that are difficult to address in isolation, but far more productive to tackle collectively.
The value of convening
For Marine Energy Wales, the roundtable reinforced the importance of our role as a neutral convener for the sector.
Members consistently tell us that access to finance is one of the most significant barriers to progress—not only in terms of capital availability, but in understanding how to engage effectively with funders. At the same time, finance organisations are keen to deepen their understanding of project development timelines, technology risk and the scale of Welsh supply-chain ambition.
Creating space for those conversations is where real value is added.
This is not about Marine Energy Wales brokering individual deals. It is about building shared understanding, reducing friction, and helping to align finance, policy and industry around credible pathways to delivery.
What comes next
This roundtable was not a one-off.
Marine Energy Wales is committed to continuing this work, developing structured and trusted forums where finance, industry and government can engage early, openly and constructively. As Wales moves from ambition to delivery in offshore wind and tidal energy, these relationships and conversations will be critical to ensuring projects are investable, deliverable and anchored in Welsh economic benefit.
We will continue to work with our members and partners to identify priority issues, convene the right voices, and help turn opportunity into tangible outcomes on the ground.
Climate
Wales takes another giant leap towards becoming a zero-waste nation
THE LATEST figures are in, and they’re impressive – Wales has pushed its recycling rate up to 68.4% in 2024-25, climbing from 66.6% the previous year. It’s a remarkable turnaround for a country that was recycling just 5% of its waste before devolution.
The boost comes as Wales’ new workplace recycling rules begin to show real results. Businesses, public sector organisations and third sector workplaces across the country are now required to separate key recyclable materials, and it’s making a measurable difference.
Local authorities collected an additional 8,187 tonnes of recyclable material from workplaces this year – that’s a 42% jump compared to last year. Meanwhile, residual waste from workplaces has dropped by 15.8%, meaning thousands of tonnes of valuable materials are being fed back into the economy rather than burned or buried.
The landfill figures tell their own story – just 0.7% of Wales’ waste ended up in landfill in 2024-25, compared to 95% before devolution.
Deputy First Minister Huw Irranca-Davies, who has responsibility for climate change, said: “We continue to build on Wales’ already world class recycling. This shows the huge shift in attitudes over the last few decades; recycling is now a part of who we are as a nation.”
He added: “I’m proud of every person in Wales who has played their part in getting us to where we are today – in our homes and now in our workplaces too. Thank you for joining this collective effort.”
Wales currently sits second in the world for recycling – leading the UK and trailing only Austria in global rankings published by Eunomia Research and Consulting and Reloop in 2024. More than half of Welsh councils hit the 70% recycling target, and over 90% improved their rates year-on-year.
The Deputy First Minister said: “Our recycling track record is something to be proud of as we continue taking action to tackle the climate and nature emergency and grow the green economy. But let’s not be complacent. Being number one in the world for recycling is within our grasp if we keep up the momentum.”
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