Page 15: of Offshore Engineer Magazine (Nov/Dec 2023)

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OFFSHORE WIND TOP 10 TRENDS TO WATCH ©Kruwt/AdobeStock 150 GW by 2030 and close to 350 GW by 2035. In all, 1. A Continuously Dynamic Energy Trilemma outside of China, we anticipate that more than 21,000

The dynamic relationship of the three key drivers of af- fordable energy, energy security and energy transition was offshore wind turbines will be installed globally between clearly evident in 2023 as energy affordability and security 2024 and 2035.

were generally more prominent themes than the transi- 3. Core Markets = Good Opportunity tion. 2024 will see a raft of elections within the European

There remains abundant contracted and planned proj-

Union, and in the UK, the USA and Taiwan, all countries with large offshore wind programs. The speed of the energy ect capacity to develop in the core UK, Europe (Ger- many, the Netherlands, France, Denmark, Poland, etc.), transition and by extension offshore wind development de-

U.S., and Asian (Taiwan, South Korea and Japan) off- pends, to some extent, on the outcome of these elections. shore wind markets.

2. Solid Foundations 4. Potential in Australia and South America

Despite the questions surrounding the speed of offshore

Australia is seeking to identify developers for a num- wind development, the longer-term optimism for the sup- ber of multi-gigawatt sites, both bottom-fxed and foat- ply chain is founded on declared offshore wind deploy- ing, off Vicotria, New South Wales and Western Australia ment targets by a growing number of countries amount- ing to more than 950 GW by 2050 (excluding China), for commissioning in the next decade. In South America, driven by energy transition and energy security policies. Brazil and Columbia are the emerging markets, developing

From close to 75 GW installed at the end of 2023 to 220 permitting frameworks and offshore wind opportunities.

In addition to Australia and South America, we antici-

GW commissioned by the end of 2030, we forecast global offshore wind capacity to rise to over 440 GW by 2035. pate that new commercial-scale markets will emerge in the waters of Europe’s North Sea, Baltic, Mediterranean,

Excluding the unique Chinese market, 2023 installed ca- pacity is forecast to reach around 38 GW, rising to over and Atlantic.

november/december 2023 OFFSHORE ENGINEER 15