Report: Promising prospects for offshore wind shipping

Wind turbine-related activities in the shipping and logistics industries may be a source for massive earnings. However, there is a number of obstacles which may deter investors from jumping the wagon, a report from the analysis house BTM Consult states.

Photo: A2SEA

While there is a number of obstacles and risk factors which may deter companies or investors from entering the market for shipping and logistics related to offshore wind turbines, the industry still seems as a place to earn much money, the BTM Consult analysts state in the company’s Offshore Report 2013.

“Using a conservative average of 25% of the CapEx (costs of construction) for a 500 MW wind farm, the NPV (net present value) of offshore wind shipping and logistics to 2050 represents expenditure of more than EUR 100 billion”, the analysts state in the report. A lot of non-traditional players have stepped into shipping and logistics because of offshore wind turbines and they have made their own investments in the different assets which will be used somewhere in the shipping and logistics chain related to offshore wind turbines. One example is the Danish company A2Sea which has recently been established in order to erect offshore wind turbines and today the company holds a large share of the market.

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