Monday, 10 May 2021 Rapid advances in offshore wind technology making turbines bigger and more powerful are currently outpacing the infrastructure capacity needed to install them, a new report from the Clean Energy Technology service at IHS Markit warns.
Offshore wind annual gross capacity additions are expected to grow sixfold by 2030 due to dramatic cost reductions, advances in technology, favorable policies and ever-increasing national targets, according to the Offshore Wind Turbine Installation Vessels market report.
However, the industry needs to rapidly develop and invest in new infrastructure to achieve these ambitious plans, the report says. Most critically, the current offshore wind turbine installation vessel (WTIV) fleet is unable to install the new larger 15+ MW turbines that will be hitting the market in the next three years.
May 6, 2021
Rapid advances in offshore wind technology, making turbines bigger and more powerful, are currently outpacing the infrastructure capacity needed to install them.
This is one of the findings in a new report from the Clean Energy Technology service at IHS Markit.
Offshore wind annual gross capacity additions are expected to grow sixfold by 2030 due to dramatic cost reductions, advances in technology, favourable policies and ever-increasing national targets, according to the Offshore Wind Turbine Installation Vessels market report.
However, the industry needs to rapidly develop and invest in new infrastructure to achieve these ambitious plans, the report says.
Most critically, the current offshore wind turbine installation vessel (WTIV) fleet is unable to install the new larger 15+ MW turbines that will be hitting the market in the next three years.
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> And more The hub empowers vendors and contractors with the access to quickly and thoroughly identify the impending US business opportunities. Of note, the hub also captures and publishes infrastructure solicitations originating in Canada. Due to the condensed timeframes that will be associated with some of these opportunities, proactive businesses will take advantage of the real-time opportunity alerts to pursue and potentially earn the valuable contract awards. This latest hub is supported by BidPrime’s technology, tools, and customer service. Stephen Hetzel, BidPrime’s COO, explained how BidPrime has monitored, analyzed, and reported on US infrastructure over the years and release of the ‘American Jobs Plan’ is an excellent springboard into launching this hub.