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Market Outlooks

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Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Market Outlooks

Offshore Wind and Marine Energy Projects Get USD 18 Million Boost from US

The US Department of Energy (DOE) has allocated over USD 18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the US DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving ins

about 1 year ago
‘Secure Transition’: Security Major Topic at Offshore Energy Event in Amsterdam
Market Outlooks

‘Secure Transition’: Security Major Topic at Offshore Energy Event in Amsterdam

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Keeping energy infrastructure at sea safe, bringing cyber security into the focus and ramping up the buildout of clean energy and clean fuel projects were the main topics throughout the two days of Offshore Energy Exhibition & Conference (OEEC), held on November 26 and 27 in Amsterdam, the Netherlan

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Market Outlooks

One Week to Go: 400+ Exhibitors from Offshore Energy Industry to Gather in Amsterdam

The following is a press release from Navingo BV, the owner of offshoreWIND.biz and organiser of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organisations from across the offshore energy sector a

about 1 year ago
Türkiye offshore wind roadmap
Market Outlooks

Roadmap Outlines Path for Türkiye to Reach 7 GW of Offshore Wind by 2040

The World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched an offshore wind roadmap for the country that outlines the potential for up to 7 GW of capacity to be installed by 2040. The Government of Türkiye has set a target of 5 GW ins

about 1 year ago
Final Preparations for OEEC 2024 Underway
Market Outlooks

Final Preparations for OEEC 2024 Underway

Offshore Energy Exhibition & Conference 2024 (OEEC 2024) is coming up this month. Work on the event is at full steam at Navingo (the company behind OEEC and offshoreWIND.biz brands) with final tweaks and preparations underway. The exhibition floor has been almost completely booked and visitors are n

about 1 year ago
A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam
Market Outlooks

OEEC 2024: A Lot to Talk About

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 1 year ago
Kincardine floating wind farm in Scotland; Photo source: Eni / Plenitude
Market Outlooks

Global Floating Offshore Wind Pipeline Grows to 266 GW – Report

The global pipeline of floating offshore wind projects has expanded from 244 GW to 266 GW in the last twelve months, reflecting a nine per cent increase, according to a report published by RenewableUK. The number of global projects has increased from 285 to 316, with the pipeline including projects

about 1 year ago
First wind turbine at Hollandse Kust Zuid offshore wind farm in the Netherlands
Market Outlooks

Romania Issues Offshore Wind Roadmap

The European Commission and the World Bank Group have supported the Government of Romania in publishing a new roadmap to help realize the potential of offshore wind in Romania. The roadmap was produced as part of the project ‘Internal energy market and energy transition in Romania’ which received te

about 1 year ago
Schoeller Holdings and DOS Order Four CSOVs for Offshore Wind, Offshore Energy Markets
Market Outlooks

Schoeller Holdings and DOS Order Four CSOVs for Offshore Wind, Offshore Energy Markets

A joint venture (JV) between Schoeller Holdings and Deutsche Offshore Schifffahrt (DOS) has ordered four commissioning service operation vessels (C-CSOVs) for deployment in the offshore wind and other segments of the offshore energy sector, marking its entry into the market which is, according to Ph

about 1 year ago
Ørsted
Market Outlooks

Global Offshore Wind to Top 520 GW by 2040, Floating Wind to Play Major Role – Rystad Energy

According to Rystad Energy, global offshore wind capacity will surpass 520 GW by 2040, with floating wind installations nearing 90 GW by that time. In 2023, the offshore wind sector saw a seven per cent increase in new capacity additions compared to the previous year, said Rystad Energy. This moment

about 1 year ago
Tahkoluoto, Finland's first commercial offshore wind farm.
Market Outlooks

Finland Unveils 17-Point Action Plan to Promote Offshore Wind

On 20 August, Finland’s Ministry of Economic Affairs and Employment published an action plan focused on advancing the offshore wind industry in the country. The plan outlines 17 proposals, emphasizing that the development of offshore wind farms will be driven by market conditions. In October 2023, t

about 1 year ago
Interview with Rovco CEO: New technologies can close huge offshore wind skills gap
Market Outlooks

Interview with Rovco CEO: New Technologies Can Close Huge Offshore Wind Skills Gap

New technologies have the ability to massively close the huge skills gap and shortage of workers that is looming over the offshore wind industry, allowing 10 to 17 times more work to be done by one person, according to Brian Allen, CEO of Rovco, a UK company focused on automating offshore wind servi

about 2 years ago
US NREL: Offshore Wind Turbines Offer Path for Clean Hydrogen Production
Market Outlooks

US NREL: Offshore Wind Turbines Offer Path for Clean Hydrogen Production

Researchers at the U.S. National Renewable Energy Laboratory (NREL) have found that using electricity generated by offshore wind turbines to split water to produce clean hydrogen may make economic sense.

about 2 years ago
US Offshore Wind to Hit 14 GW by 2030, Missing President Biden’s 30 GW Target – ACP Report
Market Outlooks

US Offshore Wind to Hit 14 GW by 2030, Missing President Biden’s 30 GW Target – ACP Report

The American Clean Power Association (ACP) has projected there will be approximately 14 GW of offshore wind capacity deployed by 2030, falling short of the 30 GW goal set by the Biden Administration in 2021. ACP’s recent report also outlines USD 65 billion (approximately EUR 60 billion) in investmen

about 2 years ago