At least EUR 43bn to hit Baltic wind target by 2030

It will take investments amounting to billions of euros to realize the ambitious offshore wind power plans in the North Sea and the Baltic. According to Clarksons, the need for jack-up installation vessels will double before 2030.

Photo: cadeler

The cost of installing offshore wind power amounts to approx. EUR 2.5m per megawatt (MW). Multiply that by the planned 17,200 MW increase of wind power capacity in the Baltic Sea, and you will reach the approximate amount required to carry out the ambitious expansion plans.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Tanker companies pay out massive dividends after boom

Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.

Further reading

Related articles

Latest news

See all jobs