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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

New York is advancing its offshore wind ambitions with two major projects that will significantly boost renewable energy capacity. The Community Offshore Wind project, led by RWE and National Grid, aims to generate 2.8 GW of clean energy by 2032, creating 700 jobs and driving $3 billion in economic activity. Ørsted’s Long Island Wind project will provide 1.5 GW, enough to power one million homes, with operations starting in 2033. Both projects are critical to New York’s clean energy goals and involve significant investments from leading companies like RWE, National Grid, and Ørsted. #offshore, #wind, #farm, #turbine, #US, #America, #green, #energy, #GW, RWE, National Grid, Ørsted, #bid, #project https://lnkd.in/e57QzfrM

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

My News of the Month! ⭐️ I hope it all goes ahead as planned because floating is the future and we really need to see more commercial projects to help strategise further deployment. Currently, high potential comes with high risk and high uncertainty. Offshore floating wind technology is yet to settle as the standards and conceptualisation of building the most optimised and cost-efficient business case, are yet to be shown. With supply-chain capability and cost remaining considerably undetermined and the expense of construction in deeper waters- We aren’t seeing the LCoE reduce to what more developers would consider secure investment potential. However, with more commercial scale projects and the use of simulation offering a sustainable data-driven approach to project deployment, I am confident that we will see more and more successful floating projects. Especially like this one and HT which are being constructed to offset/support O&G installations.

World Bank Group releases report on offshore wind development scenarios for Brazil based on analysis by DNV. Brazil's offshore wind energy potential exceeds 1,200 GW, with 480 GW from fixed foundations and 748 GW from floating foundations. This abundant resource, strategically located near demand centers, positions offshore wind as a pivotal player in Brazil's future energy landscape. The report, prepared in collaboration with the World Bank, Brazil's Ministry of Mines and Energy (MME), and the Energy Research Office (EPE), provides a thorough analysis for policymakers and stakeholders, active in Brazil and presents a vision for a future under three different growth scenarios. Executive summary can be downloaded on DNV website. #dnv #offshorewind #energytransition #renewableenergy Tchiarles Coutinho Hilbig Thiago Coriolano

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

U.S. Aims to Lead in Floating Offshore Wind Technology 🌊💨 The U.S. government is advancing its "Floating Offshore Wind Shot" initiative, aiming to significantly reduce the cost of floating wind energy by 2035 and establish the U.S. as a frontrunner in this sector. This move is part of a broader effort to enhance renewable energy capabilities and sustainability across deeper offshore waters. #OffshoreWind #RenewableEnergy #Sustainability #USInnovation #WindEnergy #CleanEnergy #EnvironmentalImpact #FloatingWind #EnergyTransition #TechnologyLeadership 🔗 U.S. Sets Aim of Being Leader in Floating Offshore Wind https://lnkd.in/eTY5hrFW

This week, RenewableUK, the Offshore Wind Industry Council, The Crown Estate, and Crown Estate Scotland, published the ‘Offshore Wind Industrial Growth Plan’, outlining how to triple offshore wind manufacturing in the UK over next 10 years, positioning the nation as an industry leader. 👏   With more ambitious targets being set globally, the plan sets out how the UK can continue to be at the forefront. This highlights the importance of collaboration across the offshore wind industry and its supply chain to close gaps that could put energy targets at risk. Jan Matthiesen, Director at the Carbon Trust, said, “the success of this plan would secure the UK's position as a global leader in the surging offshore wind market, as it is set to benefit significantly from this growth, with estimates suggesting that the market opportunity could be worth up to £92bn by 2040.”   Read the full RenewableUK press release ⬇️ https://lnkd.in/e-F_XccX

📣📣 During a visit to Saint-Nazaire on May 2, French Economy Minister Bruno Le Maire detailed the government's ambitious plan to boost offshore wind capacity to 45 GW by 2050, an increase from the previously set target of 40 GW. This revised goal is part of France's broader Energy-Climate Strategy, which aims for a progressive scale-up of offshore wind power: 4 GW by 2030 and 18 GW by 2035. Currently, France has successfully connected three offshore wind farms. To achieve the 2035 milestone, 15 more projects are in various stages: three nearing completion, three set for deployment by 2031, and nine undergoing the tendering process. Additionally, a new tender for 10 GW is in consideration, reflecting a significant commitment to developing renewable energy within Europe, with at least half of the capacity intended to be locally produced. https://lnkd.in/dey4dnjK

Construction Begins for Two Major US Offshore Wind Farms 🌬️🚢🌊 The first steel is in the water for the next two large U.S. offshore wind farms, marking a pivotal development in the country's renewable energy sector. These projects signify a major step forward in the United States' commitment to increasing its renewable energy output and reducing reliance on fossil fuels. The construction of these wind farms is expected to contribute significantly to sustainable energy goals and economic growth in the regions. #RenewableEnergy #OffshoreWind #SustainableDevelopment #USA #EnergyTransition 🔗 Steel in the water for next two large U.S. offshore wind farms https://lnkd.in/eUrBjysS