According to the property company Crown Estate, plans to build floating wind farms off the coast of South Wales might provide thousands of new jobs. The Monarch’s privately held but independently operated property company estimates that the new industry might result in the creation of 10,000 new employment in Wales. It is renting the area to produce enough electricity for four million homes. However, corporations wanting to secure contracts from them have put pressure on the plans to advance faster. “It’s a big opportunity to create a new sector in Wales and the UK,” said the Crown Estate’s Nicola Clay. Until recently, most of the UK’s offshore wind farms were firmly attached to the ocean floor. Unlike traditional offshore wind farms, floating wind farms can be constructed in deeper waters where the wind is typically stronger, such as off the coast of Pembrokeshire. The ocean floor is connected to the floating wind turbines, which are supported by large steel supports.