If European politicians are willing to increase the number of auctions and investments in the electricity grid, offshore wind would be able to rapidly grow, shows a new analysis from Boston Consulting Group, which also determines that Europe will shoulder responsibility for global offshore wind growth with potential for hundreds of GW.
More new offshore wind farms may be on the way in the US, but that does not necessarily mean that the Jones Act, which hinders European players from carrying out installations on non-US vessels, will be done away with. Instead, there are indicators that US yards will build the necessary vessels themselves, says a US offshore wind researcher.
Hurricanes, jobs, critical mass, and a surprisingly willing Trump Administration. These reasons and more have contributed to the fact that stakeholders in the US offshore industry believe the highly anticipated kick-off in offshore wind is starting now.
The market for offshore wind is projected to experience massive growth ahead of 2020 in Europe alone. Still, Danish offshore service carrier Ziton is looking to maintain its dominant market position, CEO Thorsten Jalk tells ShippingWatch.
After two months trading on the stock exchange, Danish utility Dong now reveals how it has fared during the first half of 2016. The booked result is USD 524 million better than in the same period last year.
Offshore carriers specializing in erecting offshore wind turbines can look forward to bulging order books over the next 15 years. In a new report, OECD projects that the global offshore wind market will grow significantly between now and 2030. A2Sea is turning its focus to Asia and the US.
2015 finished on the right side of the bottom line for offshore wind carrier Swire Blue Ocean which turned a deficit from the previous year into a profit of USD 17 million, according to the annual report.
Danish utility Dong noted an improved operating result in 2015, driven mainly by increased production in offshore wind, though the struggling oil and gas market sent the net result deeper into the red.