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The global offshore wind industry is staring down a potential shortage of foundation installation vessel capacity. A new

UK company led by former offshore drilling executive Jon Oliver Bryce intends to help tackle this challenge as the industry’s first pure play foundation installation vessel (FIV) firm.

he number of planned offshore wind proj- sioned in the coming years is growing, and the urgency ects globally is growing, spurred by green for these projects has intensifed as many countries—espe- targets and a shift away from Russian oil cially those in Europe — seek to add new energy sources and gas. This growth, alongside a shift that are both green and non-Russian. Add to this big off- toward the next generation of larger off- shore wind plans in several Asian countries and the United shore wind turbines, is contributing to a States, and you’ll fnd a very large pipeline of projects with

T shortage of foundation installation vessels that is “going only a handful of vessels currently capable of installing from severe to chronic”, said Jon Oliver Bryce, CEO of their foundations.

Zero-C Offshore Ltd. “There’s a niche and misunder- “If you look at what the UK has promised the world, stood sector within this vessel space for the renewable it needs 50 gigawatts (GW) of offshore wind power by industries. And it appears to me that everybody’s missed 2030. That means we need four FIVs working full time this. It appears to me that there’s going to be an enor- from now until 2030 to install all those projects. And mous shortage of these vessels because nobody has fg- that’s just what the government wants. The commercial ured this out yet.” market will want more than that,” Bryce said. “And it’s a

The pipeline of offshore wind projects to be commis- similar target in Holland, it’s a similar target in Denmark,

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