The shareholders of the TetraSpar Demonstrator floating wind project, Shell, TEPCO Renewable Power, RWE, and Stiesdal Offshore have launched a global competition to accelerate the technical advancement of floating offshore wind.

The aim of the competition, called “TetraSpar Innovation Challenge”, is to identify innovative solutions that help to reduce the cost and technical challenges during the installation, operation and maintenance of floating wind, or which have a positive impact on the environment.