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Market Outlooks

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A photo of a RWE offshore wind farm
Market Outlooks

‘Underpowered’ Auctions Threat to UK Offshore Wind Ambitions – Energy UK

Energy UK has warned that the forthcoming Contracts for Difference (CfD) auction will fall well short of delivering the expansion of offshore wind needed to hit the UK government’s 2030 50 GW target. The CfD scheme has played a vital role in the UK’s world-leading expansion of clean energy, in parti

about 3 years ago
Oceans of Energy HKN
Market Outlooks

Oceans of Energy to Build Offshore Solar Array at Hollandse Kust Noord Offshore Wind Park

Oceans of Energy has been awarded the contract for installing and operating offshore solar farm inside the Hollandse Kust Noord offshore wind park being developed by CrossWind, a joint venture between Shell and Eneco. This is set to be the first offshore solar farm in the world to be connected, inst

about 3 years ago
Wood Mackenzie: Global Offshore Wind Sector to Grow Sevenfold by 2032
Market Outlooks

Wood Mackenzie: Global Offshore Wind Sector to Grow Sevenfold by 2032

“After needing more than 40 years to reach one TW of installations, the wind industry will reach the next TW of installations within the next eight years, a significant acceleration of growth”, says Luke Lewandowski, Research Director at Wood Mackenzie. This will also include the global offshore win

about 3 years ago
France Creates Largest European Sea Trial Center for Marine Renewables
Market Outlooks

France Creates Largest European Sea Trial Center for Marine Renewables

The largest European center for sea trials entirely dedicated to floating wind power and marine renewable energies, called the OPEN-C Foundation, has been set up in France by major industry players. The creation of OPEN-C Foundation has been announced by 10 public and private founders including Ifre

about 3 years ago
Van Oord: Demand in Offshore Wind ‘Increased Exponentially’ in 2022, But Returns ‘Unsatisfactory’
Market Outlooks

Van Oord: Demand in Offshore Wind ‘Increased Exponentially’ in 2022, But Returns ‘Unsatisfactory’

Van Oord has seen the demand in the offshore wind market increase exponentially in 2022, the Dutch marine contractor’s CEO Pieter van Oord said. Van Oord’s Offshore Wind business unit had what the company has described in its financial report for 2022 as a ”a busy year”, recording EUR 599 million re

about 3 years ago
Offshore Wind to Account For 80 Per Cent of Infrastructure at Sea by 2050 – DNV
Market Outlooks

Offshore Wind to Account For 80 Per Cent of Infrastructure at Sea by 2050 – DNV

The amount of ocean space occupied by installations will grow five-fold by 2050, driven by offshore wind, which will account for 80 per cent of stationary infrastructure at sea by midcentury, followed by aquaculture (13 per cent) and oil and gas (5 per cent), according to DNV. Whilst ocean space is

about 3 years ago
Dutch Take Aim at Lower Green Hydrogen Costs by Combining Offshore Wind and Floating Solar
Market Outlooks

Dutch Take Aim at Lower Green Hydrogen Costs by Combining Offshore Wind and Floating Solar

A consortium of Dutch companies has launched a government-backed project to explore the synergies between offshore wind, offshore solar and hydrogen production at sea for improved sustainability of North Sea renewable energy projects. The four-year project, dubbed Solar Enhanced North Sea Energy Hub

about 3 years ago
Kincardine floating wind farm in Scotland; Photo source: Eni / Plenitude
Market Outlooks

Industry Expects Floating Wind to Hit Commercialisation Point in 2035, DNV Research Finds

Floating offshore wind could reach full commercialisation by 2035, said 60 per cent of respondents in the latest research that was done by DNV, with 25 per cent believing it will be as early as 2030. According to DNV, reaching these targets is ambitious, but early signs are promising, with 60 per ce

about 3 years ago
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