Page 26: of Offshore Engineer Magazine (Nov/Dec 2024)

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MARKETS FLOATING WIND

Image credit: Boskalis

FLOATING WIND

VESSEL SUPPLY & DEMAND

THROUGH 2035

By Philip Lewis, Research Director, Intelatus Global Partners loating wind is an emerging technology, currently in numbers of systems to install and their physical size, being tested in small scale demonstration and pilot drives demand for the largest and most highly specifed projects. Global commissioned foating wind capac- anchor handlers and subsea vessels.

ity is forecast to amount to ~6 GW by 2030 and Signifcant vessel shortages are forecast through the mid-

F ~50 GW by 2035. A sharp increase in activity is expected in dle of the next decade.

the period 2031-2035. Market growth will initially be led by This vessel shortage will drive shortages of qualifed and the South Korean market, but the European market, led by experienced seafarers, which appear from ~2030. Short- the UK and France, is forecast to dominate in the next decade ages will be in all senior bridge, deck and engine room as North America and other East Asia Pacifc markets join the positions. To demonstrate the trend, the chart presents a fray. To reach ~50 GW of installed capacity by 2035, capital forecast of additional Senior DPOs and DPOs onboard investment of around a quarter of a trillion dollars is required. (i.e. excluding back-to-back crew).

Although there are many different solutions to building These are the fndings of a comprehensive new foat- a foating wind farm (different foater, anchor and moor- ing wind installation vessel market report published by ing line types), the nature of foating wind projects, both Intelatus Global Partners. The report examines a range of 26 OFFSHORE ENGINEER OEDIGITAL.COM