Energy Solutions by McKinsey’s Post

What does the future of hold for the offshore wind industry? 🌊 Our newest report explores several potential scenarios for the offshore wind industry’s future, which in turn uncovers new projections for how the industry may fair across the globe. Notably, a ‘just for the heroes’ scenario predicts new projects representing 10-15 GW per year over the next decade reaching FID, 30-50 percent lower than current predictions. Read more about these insights and their implications for offshore wind’s future here. https://mck.co/46aMyQA #OffshoreWind #RenewableEnergy #EnergyTransition

Let’s unlock the full potential of offshore wind. The offshore wind industry has the potential to grow to 20,000 GW of fixed offshore wind, and 50,000 GW of floating offshore wind capacity globally. However, rising material costs, inflation and competitive seabed tenders have increased LCOE expectations, reversing cost reduction trends. Discover how this is impacting offshore wind developers’ profitability in our newest report. https://mck.co/4d3AaEg #OffshoreWind #RenewableEnergy #EnergyTransition

Our new industry report asks whether 2024 is living up to expectations for offshore wind. The latest Global Market Overview report from TGS, powered by 4C Offshore market intelligence, is out now providing a comprehensive analysis which offers an early assessment of the global offshore wind industry for the rest of 2024. It builds upon the insights provided by last year's report which anticipated a record-breaking auction year for the sector. The Q1 report looks at whether 2024 is still expected to deliver on that promise. Read the full release: https://hubs.ly/Q02qcsF-0 #TGS #EnergyData #OffshoreWind #FloatingWind

New report available for TGS | 4C Offshore subscribers! This concise, forward-looking report keeps you informed of emerging demand for offshore wind across established and new markets around the globe and includes all our popular Market Update Reports from this quarter: -  Global buildout to 2030 - Significant action in Europe (with tender activity in Germany and Norway, and controversy in the UK) - The Americas (with record offtake secured in the US) -    Asia-Pacific (where India has launched its first offshore wind tender after years of delay). This report examines auction timelines, results and our forward-looking six-month global calendar. In addition, our enhanced ‘Corporate catch-up’ section now includes an insightful, at-a-glance performance matrix for the top players and a global corporate PPA tracker, keeping you up to date on multiple aspects of market trends. Contact for more info: 📞 +44 1502 307 037 📧 james.lewis@tgs.com #offshorewind #windeurope #marketupdate #report #wind #turbine #energytransition #offshoreenergy #energy

The global pipeline of floating offshore wind projects has expanded in the last 12 months from 285 to 316, which equates to an increase of 244GW to 266GW, or 9%, according to the Floating Offshore Wind Taskforce. Its new report – Floating Wind: Anchoring the next generation offshore – ranks the UK as second-best in the world for fully operational floating offshore wind projects. Read more here - https://loom.ly/13yo6V4 #technews #sustainability #renewableenergy

Today TGS released its Q1 2024 Offshore Wind Market Overview Report. This report asks whether 2024 is living up to expectations for Offshore Wind? You can read the full release here: https://lnkd.in/gK5_wSHt   The United States is seen reclaiming its lost ground and having record amount of new and re-bid offtake capacity secured but our forecast for 2030 installed capacity has gone down. The global industry is lacking early year investment decisions, but imminent announcements are expected.   Overall, slight downward adjustment to 2030 forecast is made (it now stands at 261 GW compared to 267 GW in our Q4 2023 report), reflecting some project delays but global political ambition for wind energy development remains strong. TGS | 4C Offshore Richard Aukland James Bernthal-Hooker #TGS #offshorewind #offshorewindus #sustainability #energydata

What’s next for offshore wind? Global offshore wind commissioned capacity increased from 3 GW in 2010 to around 66 GW in 2023, with costs dropping by 60 percent due to competition, low interest rates, and technology development and industrialization. Our latest report explores future scenarios based on insights from industry leader, that could affect the outlook of the industry. Read more here: https://mck.co/3SeiMVo #OffshoreWind #RenewableEnergy #EnergyTransition

Despite obstacles like slow permitting and rising costs, the U.S. offshore wind industry is picking up pace and will be a central component of the country’s clean energy future. Read our latest research examining the opportunity for U.S. offshore wind today. #nuveeninfra https://bit.ly/3VklGIT

With billions at stake and projects under intense scrutiny, our in-depth analysis delves into the implications and outlines the urgent actions required to survive the headwind faced by the offshore wind energy industry. Dive into the analysis: https://lnkd.in/gNEzEw2a #OffshoreWind #RenewableEnergy #Sustainability #EnergyTransition #WindPower #FutureBridge

📰 In Industry news: Europe added a record 4.2 GW of offshore wind in 2023: Europe’s offshore wind industry closed 2023 with record deployments after adding 4.2 GW of new capacity, which is 40% higher than in 2022. Whilst Europe is expected to bring live around 5 GW annually over the next three years, it won’t be enough to meet the 2030 goals. After much uncertainty in 2022, plans are now confirmed for eight new offshore projects totalling 9 GW, including the 2.9-GW Hornsea 3 off the UK and the resumed development of the 4.2-GW Norfolk Offshore Wind Zone portfolio. Article Source: https://bit.ly/3HszTNt #OffshoreWind #EuropeOffshoreWind #RenewableEnergy #Sustainability