Page 33: of Maritime Reporter Magazine (April 2021)

OFFSHORE WIND built, owned, and operated vessels. This are certainly required to open the po- ? oating offshore wind demonstration means that foreign ? ag installation ves- tential off the continental and Hawaiian projects to be commissioned off the At- sels will not be able to shuttle compo- Paci? c coasts. But many are often sur- lantic Coast. Details off all the projects nents from US ports to the construction prised to learn that the ? rst ? oating proj- in the forecast are provided in our report site, as is the practice in the developed ects in the US will be in the Atlantic. In found here:

European and East Asian markets. terms of technology development, our https://usoffshorewind.worldener-

There is limited Jones Act compliant project forecast already includes two gyreports.com/OffshoreWindPowerUS turbine, foundation, and cable installa- tion capacity. This can lead to project delays or increased costs as developers compete for scarce foreign ? ag tonnage and comparatively high-priced Jones

Act new buildings or select less ef? - cient/cost competitive combinations of

MISSION foreign ? ag installation vessels and do- mestic feeder vessels.

There will be a signi? cant invest-

POSSIBLE: ment in US port infrastructure because of offshore wind developments. Around

REFUELING UNDERWAY 50 ports along the northeast and Mid-

Atlantic coast have been identi? ed as potential candidates to support con- struction and marshalling activities.

Over $1bn of investment commitments have already been identi? ed. As with offshore oil and gas projects, a signi? - cant amount of lifetime project cost in an offshore windfarm is represented by routine planned operations and main- tenance. For an offshore windfarm this is typically 40-45% of the lifetime cost.

Our forecast identi? es around $2.8bn of annual recuring OPEX once the identi- ? ed projects are commissioned.

Wind farm operators will set routine inspection and maintenance schedules, chartering in long-term vessel support for the activities. The tonnage will be mostly Jones Act Vessels. Certain vessel categories can be modi? ed/redeployed for the existing Jones Act ? eet. Other re- quirements call for new buildings.

Offshore wind going forward

States are continuing to discuss with federal agencies the development of fu- ture offshore wind activity. stabilization thru innovation

In the coming years, we expect to see

Quantum Marine Stabilizers new federal leasing activity in the At- #rescue #crewsafety #helicopter lantic and Paci? c. We also anticipate www.quantumstabilizers.com further investigation by states of the po- tential in the Great Lakes.

Competitive ? oating wind solutions www.marinelink.com 33

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