​1. Strategic Approaches for Unlocking the Vast Potential of the Global 13 TW Floating Offshore Wind

The global market holds promise, with Japan alone estimated to possess a technical potential of 420 GW. However, current operational capacity worldwide signals room for industry growth. Crucial considerations include investing in port infrastructure, promoting coexistence with marine activities, and exploring synergies with hydrogen production. Scaling up demands increased investment, robust regulatory frameworks, technology standardization, and thorough environmental assessments to ensure sustainable integration with marine resources.

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​2. Both Fixed-bottom and Floating Offshore Wind Energy Require Robust, Stable, and Transparent Regulatory Frameworks

The Danish - Japanese collaboration centers on offshore wind energy, covering regulatory and subsidy models, framework conditions, and establishing a Floating Offshore Wind Innovation Center. Japan's offshore wind sector must prioritize cultivating long-term political visions for market stability and development, drawing from Denmark's expertise. Effective regulation in the medium term necessitates focusing on efficient, transparent approval processes to mitigate risks for developers and consumers.

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​3. Japanese Centralized System: A Legal Framework to Promote Offshore Wind Farms (OWFs)

JOGMEC, a Japanese government agency, conducts initial site surveys to assist developers in bidding. However, geophysical, geotechnical, and wind condition surveys pose notable challenges requiring attention. To address these, it engages stakeholders and experts to determine survey specifications for floating wind, forming technical committees and exchange opinions with the Institution for Verification of Conformity. Additionally, JOGMEC has set service standards for future floating wind areas and is actively developing comprehensive specifications for projects in diverse regions.

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​4. Asia-Pacific Region Crucial in Offshore Wind and Floating Energy Supply Chain

With high-growth potential for offshore wind and emerging floating wind technology, substantial production capabilities and infrastructure are essential. Establishing a global supply chain is crucial for addressing challenges in constructing floating wind projects, especially with extensive portfolios. Thoughtful sourcing and compatible port characteristics are vital for project success. Integrating wind turbines onto floaters requires specialized port facilities, posing a unique challenge for the offshore wind industry.

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​5. Japan's Floating Future: A Bullet Solution to Japan's Issues with World-Leading Potential in Floating Offshore Wind

Unlocking Japan's offshore wind potential demands regulatory reforms, clear site allocations, and investment targets. Overcoming floating wind challenges needs robust regulations, incentives, and market expansion for global participation. A 2-step auction system, akin to mature markets, can expedite development and reduce delays. Additionally, Clarity on project specifications, manufacturing, and port infrastructure is crucial, requiring focused logistics planning and infrastructure development. Drawing insights from incentives like the U.S.'s Inflation Reduction Act or the UK's Offshore Wind Sector Deal can boost industry interest and market growth in Japan.

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​6. Practical insights from the Firefly Floating Wind Farm project in South Korea

With aspirations to reach 200 MW, scaling up to 800 MW and 3 GW in Korea, Equinor is focused on achieving cost-effective operations (CEX) and a reasonable levelized cost of energy (LCOE) amidst market challenges. Their proactive approach includes establishing resident committees, engaging local suppliers, and advocating for regulatory streamlining, driving sustainable growth in Korea's offshore wind energy sector through practical partnerships and innovative solutions.

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​7. Japan's Affordable and Stable Low-Cost Floating Offshore Wind Power System

The "Hibiki" system, designed for offshore areas with depths of about 50 meters, features affordable and lightweight mooring systems, showcasing its stability. BW Ideol has gained valuable insights into its practicality and potential for larger turbines, demonstrated by improving size proportions. Operational assets offer greater certainty, enhance bankability, and reduce operational and maintenance risks. Operating a full-scale prototype is crucial for ongoing improvement, aiming to decrease the project's LCOE and ensure long-term viability.