Page 43: of Maritime Reporter Magazine (February 2021)

MARKETS OFFSHORE WIND

Source: World Energy Reports Source: World Energy Reports port the turbines. Plans have already been announced for To support the expected uptick in offshore wind activity, one factory in upstate New York and we see that further World Energy Reports has analyzed the port infrastructure opportunity remains for domestic supply of this compo- development plans and has identi? ed over 45 ports in nine nent. Lewis said. states as possible options for marshaling and construction “The 2,000 plus wind turbines will be supported by over activities, with already over $1bn of CAPEX identi? ed to $5bn of steel monopile and jackets foundations or concrete develop the infrastructure in identi? ed ports. In addition to gravity base foundations and connected to each other and to this, WER identi? ed 38 locations as possible O&M bases.

shore by over $6bn of array and export cable supply, as part “Once the projects in the pipeline are delivered, we of the over $22bn balance of plant category,” Lewis added. forecast an annual recurring Operations and Maintenance

Per World Energy Reports, over $24bn of CAPEX will OPEX of around $2.5bn, of which around $1.2bn will be spent on installation and commissioning activities, in- be required for turbine maintenance and servicing, and cluding over $8bn on cable installation, $3.7bn on founda- $650m for the foundations, cables, and substation main- tions installation, and over $1.8bn on turbine installation. tenance, which includes an amount of vessel chartering “These projects provide a signi? cant domestic opportu- of crew transfer vessels (CTV) and service operations ves- nity for engineering companies, manufacturers, contrac- sels (SOV). Outside of the turbine maintenance work, we tors, vessel operators, survey and inspections companies as expect an additional $60m recurring annual offshore and well as for project lenders,” Lewis said. onshore logistics activity,” Lewis said.

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