Page 14: of Maritime Reporter Magazine (December 2024)

OFFSHORE ENERGY

F W V LOATING IND ESSELS

Supply & Demand through 2035

Image credit: Boskalis

By Philip Lewis, Research Director, Intelatus Global Partners loating wind is an emerging technology, currently fray. To reach ~50 GW of installed capacity by 2035, capital being tested in small scale demonstration and pilot investment of around a quarter of a trillion dollars is required. projects. Global commissioned ? oating wind capac- Although there are many different solutions to building a ? oat-

Fity is forecast to amount to ~6 GW by 2030 and ~50 ing wind farm (different ? oater, anchor and mooring line types),

GW by 2035. A sharp increase in activity is expected in the the nature of ? oating wind projects, both in numbers of systems period 2031-2035. Market growth will initially be led by the to install and their physical size, drives demand for the largest

South Korean market, but the European market, led by the and most highly speci? ed anchor handlers and subsea vessels.

UK and France, is forecast to dominate in the next decade as Signi? cant vessel shortages are forecast through the middle

North America and other East Asia Paci? c markets join the of the next decade.

Source: Intelatus Global Partners 14 Maritime Reporter & Engineering News • December 2024

MR #12 (1-17).indd 14 12/6/2024 9:11:18 AM