Would you like to Secure Your Share of the 130GW Global Wind Industry?
New Energy Update

Would you like to Secure Your Share of the 130GW Global Wind Industry?

Europe currently leads the global offshore wind industry, but the market is primed for revolution.

Currently Europe’s offshore wind capacity is 18GW however Bloomberg NEF are forecasting global capacity in 2030 to reach 130GW. The steps taken by Europe’s supply chain today will dictate their share (if any) of that 2030 powerhouse industry. 

Opportunities in the global market place are abundant but increased competition from oil and gas supply chain companies is fierce and growing... 

We have created this complimentary whitepaper to show Europe’s supply chain:

  • How the offshore wind industry is evolving and growing in a global context
  • The new competition
  • The key considerations to enable you to grow your operations globally
  • New technologies and innovations

Access your free copy of our whitepaper here

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Summary

The increase in the global offshore wind installed capacity is predicted to grow seven-fold from 2018 to 2030. Although Europe will feature significantly in this growth, most will come from other regions. There will be significant opportunities for European offshore wind supply chain companies to grow business as new markets open. This includes companies from other sectors, such as oil & gas and defence.

New markets will require a different approach to the European model. New technology, manufacturing and management will be required to support increasingly larger wind farm projects. High percentage of local content is likely to be a condition of offshore licencing.

The Offshore Wind Sector to 2030

Predicted global wind installed capacity is 130 GW by 2030, according to BloombergNEF. Emerging accessible markets will include India, S. Korea, Japan, Taiwan and the USA. China is estimated to be the largest market; however, market access is likely to be very restricted. BVG Associates estimate the sector to be worth £30 billion annually by 2030, a moderate estimate based on the responses to New Energy Update’s 2019 Industry Survey.

The majority of this growth will be from fixed-bottom installations. However, by 2030 the floating offshore wind sector will deliver large-scale commercial projects, with France scheduled to deliver the first 250MW floating wind tender in 2021. Engie’s head of centralised generation, Grzegorz Gorski, was bullish about the prospects for floating development, asserting that Engie will beat the LCOE targets set by the French government.

European Offshore Wind: a success story

Over the last 10 years Europe’s offshore wind installed capacity has increased from approximately 250 MW to 18 GW. The UK (44%) and Germany (34%) currently account for most of it, with another nine countries accounting for the rest.

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Europe is the global leader in offshore wind developments. The key success factors in securing this status are (...)

Continue reading by downloading your free copy of the whitepaper here


Opportunities in the global market place will be discussed at the 10th annual Offshore Wind Europe 2019 conference and exhibition, 11-12 November, London UK.

You can learn, network and conduct business at Europe's intimate 500 attendee senior wind leader event. Find out more here.

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I hope you enjoy this whitepaper - feel free to share with colleagues!

My best,

Dominic


Project Director | Head of European Wind Projects

New Energy Update

dominic@newenergyupdate.com

#OWEU19 #offshore #offshorewind #wind #energy #renewables

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