Norwegian giant Equinor has joined forces with Abu Dhabi’s renewable energy company Masdar and UK's Offshore Renewable Energy (Ore) Catapult to research ways of cutting back on the cost of developing floating offshore wind projects.

A floating offshore wind pioneer, Equinor switched the lights on two years ago at its Hywind Scotland pilot, located project 25 kilometres east of Peterhead in Scotland, in the UK North Sea.

The world’s first floating wind farm saw five floating wind turbines, with a total installed capacity of 30MW installed in water depth ranges between 95 metres and 120 metres.