Page 31: of Marine News Magazine (July 2020)

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BIG POTENTIAL MEANS

BIG OPPORTUNITIES

Forecasted near- and long-term in- creased activity bodes very well for the global supply chain. WER expects off- shore wind projects will require between $1 trillion and $1.5 trillion of capex over the next two decades. Much is still on the table for the gamut of suppliers and marine services ?rms, as 80% of off- shore wind projects detailed in the re- port and database are still in early stages of planning and development.

With a pipeline of activity so large, there’s plenty of work to be had by exist- www.marinelink.com MN 31