The Maritime Executive :Report: $12B Shipbuilding Need for Vessels to Meet Floating Wind Plans6 Sep 2023 07:34
Https://maritime-executive.com/article/report-12b-shipbuilding-need-for-vessels-to-meet-floating-wind-plans
Analysts and wind farm developers have already been highlighting the growing need for vessels to support the emerging offshore industry. As the industry begins to explore floating offshore wind the need will be even more acute according to a new market analysis from Intelatus Global Partners. They are highlighting the shortage of suitable vessels, an issue that leading developers have also cited as contributing to their concerns in the market.
The new report focuses specifically on the needs of the floating offshore wind energy segment. Intelatus estimates that capital expenditure within this segment will require more than $250 billion by 2035, but the build out could be challenged by the lack of vessels able to meet the needs of the sector.
Global floating wind capacity is projected to grow to around 61 gigawatts over the next 12 years from less than 200 megawatts at the end of 2022. To achieve this, the report estimates a requirement to pre-lay more than 6,000 mooring spreads and the hook-up of around 5,400 turbines. The available market for vessel owners, ranging from pure transport and installation to full floater engineering, procurement, construction, and installation scopes of work, will amount to between $28 and $145 billion according to Intelatus.
To support this development the report identifies two segments, anchor handling vessels and subsea construction vessels, as those that will see the strongest demand to support the development of floating offshore wind. They estimate an opportunity for as much as $12 billion in shipbuilding activity required in the short to medium term to support the development of floating wind farms.
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