France's Finance Minister Is the Calm Hand Macron Needs Now
In the ministry where Emmanuel Macron began his imperious transformation of France's economy and politics, Eric Lombard is quietly refashioning the president's project into a humbler, more careful enterprise.
The soft-spoken 67-year-old, who took over the finance and economy department at the end of last year, is deploying tactics built on compromise rather than ideology, honed over decades advising on deals at BNP Paribas SA and guiding governments through past crises.
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The floating offshore wind power market is poised for rapid growth by enabling energy generation in deep waters unsuitable for fixed installations. Opportunities arise from increasing demand for renewable energy, government support, and technological advancements. Key players are expanding reach, while high CAPEX remains a challenge. Floating Offshore Wind Power Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Floating Offshore Wind Power Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to Floating Offshore Wind Power Market was valued at USD 4.27 Billion in 2024, and is expected to reach USD 13.29 Billion by 2030, rising at a CAGR of 20.65% This market segment focuses on the deployment of wind turbines on floating platforms, enabling wind energy generation in deep-water regions unsuitable for fixed-bottom installations. Floating offshore wind expands access to stronger, more consistent wind resources found in deeper waters - typically beyond 60 meters - overcoming geographical limitations of traditional offshore systems. The sector includes a broad value chain involving floating platform engineers, turbine manufacturers, cable and mooring system providers, energy companies, and service operators. Floating wind technology reduces visual and acoustic impact concerns near coastlines while unlocking untapped wind resources further offshore. As a result, it is emerging as a vital component of the global transition to renewable energy. Key Market Drivers Increasing Global Demand for Renewable Energy and Net-Zero CommitmentsA major growth driver for the Floating Offshore Wind Power Market is the escalating demand for renewable energy, driven by global efforts to achieve net-zero emissions. As climate change concerns intensify, many countries are adopting ambitious policies to reduce reliance on fossil fuels, positioning offshore wind as a key solution. Floating wind technology enables energy generation in deeper coastal waters, unlocking previously inaccessible wind with deep-sea coastlines - such as Japan, the U.S., Norway, South Korea, and the U.K. - are especially poised to benefit. Governments are supporting the market through regulatory incentives, auctions, and subsidies to accelerate adoption. In Europe, the EC aims for 300 GW of offshore wind by 2050, with floating platforms playing a critical role. U.S. initiatives, including federal lease programs and infrastructure funding, further catalyze market growth. Floating wind's scalability supports large utility projects and growing interest in corporate PPAs, aligning with ESG goals and reinforcing investment flows into the Market Challenges High Capital Expenditure and Cost UncertaintyA critical challenge for the floating offshore wind sector is the high CAPEX involved in deploying and operating installations in deep-sea environments. Floating wind farms demand advanced technologies, robust mooring systems, and resilient substructures to endure marine conditions - resulting in higher construction, logistics, and installation costs. Compared to more mature fixed-bottom offshore wind technology, floating solutions are still in early stages, limiting opportunities for cost reductions through economies of scale. Additionally, diverse prototype platforms - like spar-buoy, semi-submersible, and tension leg designs - contribute to pricing variability. Long project payback periods and limited standardization add further financial uncertainty, deterring new entrants and private investors, especially in markets lacking consistent subsidies or policy Market Trends Increasing Investments and Government Support for Floating Wind ProjectsThe floating offshore wind industry is witnessing a surge in investment and policy support, accelerating commercialization and deployment. Governments across Europe, Asia-Pacific, and North America are prioritizing floating wind to meet decarbonization targets, particularly in deep-water regions unsuitable for fixed foundations. The EU's 2030 goal of 60 GW offshore capacity, along with initiatives in the U.K., France, Norway, and Japan, are spurring pilot projects and offering financial mechanisms such as CfDs and research efforts - like Equinor's Hywind Tampen or U.S. federal leasing programs - demonstrate growing public-private partnerships. Simultaneously, capital inflows from venture and corporate investors are supporting developers like Principle Power and BW Ideol. Investments are also being channeled into upgrading port infrastructure and localizing supply chains. Strategic alliances with oil and gas firms transitioning to renewables, including Shell, BP, and TotalEnergies, reflect heightened industry engagement and are propelling the market toward rapid, scalable growth. Key Attributes: Report Attribute Details No. of Pages 180 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $4.27 Billion Forecasted Market Value (USD) by 2030 $13.29 Billion Compound Annual Growth Rate 20.6% Regions Covered Global Report Scope: Key Market Players Equinor ASA Orsted A/S Principle Power Inc. Hexicon AB Saitec Offshore Technologies Floating Power Plant A/S GE Renewable Energy Siemens Gamesa Renewable Energy S.A. Aker Solutions ASA TotalEnergies SE Floating Offshore Wind Power Market, By Water Depth: Shallow Water (Less Than 30 M Depth) Transitional Water (30 M To 60 M Depth) Deep Water (Higher Than 60 M Depth) Floating Offshore Wind Power Market, By Turbine Capacity: Up to 3 MW 3 MW - 5 MW Above 5 MW Floating Offshore Wind Power Market, By Region: North America United States Canada Mexico Europe France United Kingdom Italy Germany Spain Asia-Pacific China India Japan Australia South Korea South America Brazil Argentina Colombia Middle East & Africa South Africa Saudi Arabia UAE Kuwait Turkey For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Floating Offshore Wind Power Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
