Asia Pacific’s floating wind power is capturing the attention of investors and other stakeholders in the region as it offers an abundance of deep-water resources, an increasing energy demand, and various governmental policies which support the use of renewable energy and advocate for carbon neutrality. Technological innovations, good policies and major public-private investments have enabled countries such as Japan, South Korea, China, and Taiwan to undertake large-scale projects.
Key Growth Drivers and Opportunities
Carbon Neutrality Targets: The Asia Pacific floating wind power market is being energized by the pledges made by countries such as Japan, South Korea, and China to achieve net-zero carbon emissions, as governments widen their clean energy portfolios and provide financial support for technologies that can be scaled. In line with emissions targets, offshore wind with floating technology is receiving decisive support from the political arena, financial backing from investors, and collaboration with other countries, thus facilitating a quick spread across the area.
Challenges
Asia Pacific’s floating wind power market in the region has several constraints, including substantial installation and maintenance costs, difficulty in technical aspects of deep water conditions, problems with grid integration, and long permit procedures.
Innovation and Expansion
Japan will Start Planning a Floating Wind Test Center Next Year
In September 2025, Japan is to begin developing a national floating wind test center next year, according to a senior industry official, vowing to continue on the road of wind power expansion despite a recent setback when Mitsubishi dropped three projects.
Mitsubishi-led consortia (8058.T), opens new tab, abandoned plans this month to install 1.8 gigawatts (GW) of offshore windmills won in Japan’s first large state auction in 2021, giving a blow to the industry viewed as critical to reducing dependency on imported fuels.
An Offshore Wind Turbine Deal has been Secured for a Big APAC Project
In July 2025, Synera Renewable Energy Group (SRE) has engaged Taiwan-based Century Wind Power (CWP) to build the foundations for its 495MW Formosa 4 site in the South China Sea.
The contract requires CWP to produce 35 jacket foundations using domestic production and local supply chain resources.
The Ministry of Economic Affairs awarded the project 495MW of development capacity in the first auction round of Phase 3 Zonal Development of Offshore Wind in late 2022, and it received its establishment permit in late 2024, making it the first project from the first auction round to reach this milestone.
Inventive Sparks, Expanding Markets
Asia Pacific’s floating wind power companies are focusing on creating partnerships with local businesses, establishing big demonstrations, working on turbine and platform technology, securing supply chains, exploring green hydrogen integration, and using AI-powered solutions to lower costs and increase productivity.
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