ShippingWatch

Banks keep tabs on offshore wind – at a safe distance

In the next ten years, more than 100 new vessels for installation and maintenance of offshore wind are needed, and the offshore wind market is growing strongly. But shipping banks continue as bystanders for the time being.

Offshore vessel Wind Osprey from wind carrier Cadeler. | Photo: cadeler

Forecasts suggest a big future for offshore wind with marked global growth as more and more wind farms are placed at sea, though shipping banks continue as mere observers of the blooming sector.

Major Nordic bank Nordea is considering offshore wind as a new segment, but the bank has so far not provided loans to offshore-related projects.

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