How to create and secure a national #offshorewind #manufacturing industry has been a common conversational theme over the last few weeks. The 2024 Offshore Wind Industrial Growth Plan (IGP) estimated the global offshore wind opportunity at £1300bn over the next decade with the UK wind market alone forecast to undergo 4x growth. My view (but not just my view!), is that to deliver on the scale of the opportunity it is now critical to invest in developing a ‘connected pathway’ between research and manufacture to anchor technology and product leadership in the UK. Happily, this is a conversation that has sparked at almost every event I and National Composites Centre ‘Team Energy’ have been at over the last few weeks, not least: - At the UK Wind Supply Chain spotlight event on a panel Chaired by Ronnie Bonnar with Stephen Wyatt, Deborah Greaves, and Jane Cooper - At the launch of the Supergen Offshore Renewable Energy (ORE) Hub Outlook 2040 report - At a #GreatritshEnergy roundtable with Juergen Maier CBE FRS FREng and Tim Cullen earlier this week - I could go on….. And if you want read more from myself and Stephen Wyatt (Offshore Renewable Energy Catapult), then see here: https://lnkd.in/gVh5TSCd #UKenergy
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𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗙𝗹𝗼𝗮𝘁𝗶𝗻𝗴 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗪𝗶𝗻𝗱 – 𝗕𝘂𝘁 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗥𝗲𝗺𝗮𝗶𝗻 Recent milestones in the floating offshore wind sector are paving the way for a renewable energy revolution. France awarded its first commercial-scale floating offshore wind auction to Elicio and BayWa r.e. Global. with the 250 MW Pennavel project, a significant step forward in scaling up floating wind technology. In Sweden, Deep Wind Offshore plans the Erik Segersäll floating offshore wind farm of 1.5 GW, and potentially supporting an area of 4.5 GW through several development phases to meet the needs of 2.5 million Stockholm residents. In addition to these achievements, Stiesdal has reported that the TetraSpar Demonstrator Project has achieved an impressive 63% capacity factor, highlighting the efficiency and potential of floating wind platforms. These projects showcase the immense potential of floating wind technology. Despite the progress, the industry still faces challenges such as high costs, complex installations, and regulatory hurdles. Innovative solutions and ongoing investments are crucial to overcoming these obstacles and fully realizing the potential of floating wind farms. Looking ahead, the future of floating wind technology appears promising and exciting. Read more in our latest article: https://hubs.ly/Q02z2M7f0 #Renewableenergy #Floatingwind #Offshorewind #Windindustry
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The offshore wind industry is facing challenges that may result in falling short of global capacity targets. A recent analysis by energy consultancy Westwood highlights the industry's struggle to meet projections for floating wind installations. Market upheavals, inflation, and challenges related to technology standardisation and infrastructure are contributing to a shift in industry sentiment. While there is cautious optimism about the potential of floating wind, stakeholders emphasise the need to invest in manufacturing capability and infrastructure. The industry's future growth prospects remain significant, but collaboration and innovation will be crucial in overcoming these challenges. What do you think? Let’s chat. 💬 To read more, check out the link below. #WindEnergy #FloatingWind #WindSector #Ilosta #Renewables #OffshoreWind #RenewableEnergy
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GWEC Predicts Rapid Offshore Wind Expansion: 410 GW by 2033 Reading Time: 4 minutesOffshore wind is poised for truly global growth after 2023 saw the second-highest annual installations as well as key policy developments that set the foundations for accelerated expansion of the industry over the next decade. Download the Global Offshore Wind Report 2024 In 2023, despite the macroeconomic challenges faced by the sector in some key markets, the wind industry installed 10.8 GW of new offshore wind capacity, taking the global total to 75.2 GW. New capacity increased 24% on the previous year, a growth rate the Global Wind Energy Council expects to see continue up to 2030, […] - https://lnkd.in/dJ92Dx2h #windenergy #windturbines #offshorewind #windturbine #cleanenergy #climatechange #sustainability #energynews #smartenergy #windfarm #windindustry #renewableenergy #renewables #globalnews #gwec #marketreport #offshorewind #policy #renewableenergy #reports #sustainable #windenergy #windturbines
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Offshore wind industry seeks to unlock UK supply chain innovation with standardisation of technology demonstration Coinciding with the RenewableUK’s ‘Wind Energy Week’, today the Offshore Wind Growth Partnership (OWGP) is highlighting its newly published standardised technology demonstration agreement (STDA). 🔽 Find more info in comments below 🔽 #OffshoreWind #SupplyChain #Innovation #OffshoreWind #UK #Standardisation #TechDemonstration #OilandGas ⤵️ Click Follow on our page to keep up to date with energy news ⤵️
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A Westwood Global Energy Group survey has revealed that accelerated investment, regulation and supply chain coordination is needed if the offshore wind sector is to meet its ambitious targets. The research, developed in partnership with Norwegian Offshore Wind and WORLD FORUM OFFSHORE WIND (WFO), surveyed 184 floating offshore wind stakeholders on industry sentiment and attitudes across the value chain. The survey revealed a lack of standardisation of floating technology (55 per cent), manufacturing capability and capacity (51 per cent) and port infrastructure (50 per cent) as the most cited major hurdles and risks to progress for floating offshore. Read the full report here 👇 https://lnkd.in/ddZaDCxB #theengineer #floatingoffshorewind #renewables
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Global Wind Energy Council (GWEC) predicts Offshore wind industry ‘set for record-breaking decade’ as growth goes global⚡ In 2023, we saw the second-highest annual installation of new offshore wind capacity ever, adding 10.8 GW to reach a global total of 75.2 GW. The Global Wind Energy Council forecasts a monumental addition of 410 GW by 2033, driven by new markets like Australia, Japan, and Brazil. At rhi, we can support this growth by leveraging our expertise in the energy sector to provide consultancy services that optimize project execution, reduce costs, and mitigate risks. Our centralized data management and innovative global delivery model ensure high-quality, timely results for our clients in the offshore wind industry. 🌍🔋 #OffshoreWind #RenewableEnergy #EnergyTransition https://lnkd.in/ei_9YEw7
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Floating Offshore Wind will have less than 3GW of global capacity to be operational by 2030, with Europe reaching 0.5-2GW in the same timeframe (61 per cent), that is worldwide, according with 184 floating offshore wind industry stakeholders #Portugal #Spain #solarpv #wind #sps #wps #solarplusstorage #windplusstorage #ess #energystoragesystems #greenhydrogen #hydrogen #energytransition #sustainablefinance #climatechange #climatefinance #cleanenergy #renewableenergy #sustainability #innovation #cleantech #renewables #energytransition #cleanenergy #energysector #greeneconomy #renewableenergy #greenhydrogen #sustainablefinance #greenfinance #alternativeenergy #powergeneration #sustainableinvesting #batteries #energystorage #powermarkets #innovation #oilmarkets #oilandgas #linkedinnews #linkedinfinance #hydrogenenergy #hydrogeneconomy #energy #pv #solarenergy #climate #bess #solar #solarpower #power #developer #projects #offshore #windoffshore #floatingwind #floatingoffshorewind #bioethanol #offshorewind
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#Offshorewind's 'new wave' of markets - likes of #SouthKorea, #Australia and #Brazil - well poised to fuel end-of-decade boom if policymakers and industry can get their act together, says Global Wind Energy Council (GWEC) in latest annual update Asia Wind Energy Association WindEurope International Renewable Energy Agency (IRENA) #renewableenergy #windpower
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Offshore wind industry seeks to unlock UK supply chain innovation with standardisation of technology demonstration Coinciding with the RenewableUK’s ‘Wind Energy Week’, today the Offshore Wind Growth Partnership (OWGP) is highlighting its newly published standardised technology demonstration agreement (STDA). #OffshoreWind #SupplyChain #Innovation #OffshoreWind #UK #Standardisation #TechDemonstration #OilandGas
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Offshore wind industry seeks to unlock UK supply chain innovation with standardisation of technology demonstration Coinciding with the RenewableUK’s ‘Wind Energy Week’, today the Offshore Wind Growth Partnership (OWGP) is highlighting its newly published standardised technology demonstration agreement (STDA). #OffshoreWind #SupplyChain #Innovation #OffshoreWind #UK #Standardisation #TechDemonstration #OilandGas
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