Global offshore wind market – what to expect for the next decade?
USA starting to become a serious player in wind
The United States have been slow to develop its offshore wind capacity, but this is expected to change in the next decade with 22 GW of offshore wind to be added.
Acteon company, TerraSond, is currently busy undertaking the geophysical survey for the Kitty Hawk project for Avangrid and has completed the geophysical survey for the Dominion Virginia project. This is on top of completing a high-resolution geophysical survey for Mayflower Wind in 2019. TerraSond along with sister Acteon companies Seatronics, Deepwater, and Clarus have also recently signed a partnership with Siemens Gamesa to work together on the asset integrity programme for the Coastal Virginia Offshore Wind pilot project.
These current projects in the United States are a good example of how the marine and subsea service supply chain can adapt to service the opportunity in offshore renewables. Acteon is looking further at how we can adapt our long-established presence in key energy and coastal hubs of the United States to support the growth of offshore wind in the North East of the country.
Europe maintains steady growth
The European installed capacity is expected to grow by 11% per annum over the next ten years to 2030. This rate of growth is broadly in line with the rate over the previous decade. This additional offshore wind capacity will come not only in the established players like the UK, Germany, and Denmark but also in newcomers to offshore wind like France. The French have made a significant commitment to offshore wind with the government undertaking to tender 8.75 GW of offshore wind capacity by 2028.
The Acteon companies LDD and Core Grouting are working with offshore construction contractors regarding the best methods to be used for drilling and grouting piles in the challenging ground conditions experienced off the northern coast of France. To solve these challenges, the Acteon companies will be drawing on some of their recent experiences of working together on the installation of drilled and grouted piles for mooring a catenary anchor leg mooring (CALM) buoy in the Caribbean. A case study on that project can be found here.
Offshore renewables buyers guide
As an offshore renewable energy developer, you must overcome significant technical and commercial complexity to realise the potential of nature’s resources. Your business success relies on driving the levellised cost of energy (LCoE) as low as possible and navigating a series of critical activities to realise project value.