Philip Lewis
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06 Jan 2023
$3 Billion Forecast to be Invested in New Anchor Handlers to Meet Floating Wind Demand
Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 megawatts (MW). By 2030, close to 11 gigawatts (GW) of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region. Then, 2030-2035 will see a period a high commissioning activity as the U.S. joins established European and Asia Pacific markets.
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06 Jan 2023
The Top 10 Offshore Wind Energy Trends to Watch in 2023
The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we prepare for the new year, let us look at ten factors that will shape the offshore wind sector in 2023.1. Solid foundations: Optimism for the…
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05 Jan 2023
What's in Store for US Offshore Wind?
January brings with it the expectation that the United States' first commercial wind farm in federal waters will start generating power by year end, the promise that permitting for close to 5 gigawatts (GW) of projects will be finalized within the year and that federal agencies will auction leases containing more than 15 GW in the Gulf of Mexico, in the Central Atlantic and offshore Oregon by the end of the year.However…
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21 Dec 2022
Poland and the Baltics Eye Growth in Offshore Wind
Poland and the three Baltic countries, Estonia, Latvia and Lithuania, present a significant opportunity to expand offshore wind generation beyond the Baltic waters of Denmark, Germany and Sweden. Driven by the need to decarbonize energy supply and increase energy security, Poland and the Baltics can be seen as both a single opportunity for the supply chain to support the deployment of at least 28 GW of offshore wind by 2035 and also as individual country opportunities.
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08 Dec 2022
Major 'Firsts' for U.S. Offshore Wind Space
December was a month of major “firsts” in the U.S. offshore wind space. The first federal auction for offshore wind was held for the West Coast, and the first federal leases for commercial floating wind projects were provisionally awarded. These events are key milestones in the journey to achieve the federal vision of 15 GW of floating wind in the USA by 2035. Several major challenges in developing…
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08 Dec 2022
Over 8 GW of Floating Wind for California, But Who Will Build It?
As the dust settles from Wednesday's California floating wind auction, and developers begin to discuss their plans, energy industry intelligence firm Intelatus says development of the floating wind manufacturing and installation supply chain must speed up.Developers are beginning to release details of their bids for yesterday’s California floating wind auction. The successful bidders for the two north California Humboldt sites…
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07 Dec 2022
First US Floating Wind Auction Closes
Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035, the Bureau of Ocean Energy Management (BOEM) has concluded the auction date for five 33-year leases offshore California. Exhibit 1…
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17 Nov 2022
Intelatus: Almost 30,000 Offshore Wind Turbines to Be Installed by 2035
Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders.According to a new report released by Intelatus Global Partners…
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07 Nov 2022
US Offshore Wind Update: New Construction Kicks Off
October saw the first offshore construction activity for a commercial scale U.S. offshore wind farm. Two cable layers have commenced the laying of Vineyard Wind’s export cable. This important milestone was also accompanied by complaints around the deployment of foreign flag workboats to support the cable layers. At the same time, South Fork wind farm has deployed Jones Act compliant vessels to prepare the offshore construction areas for cable laying and foundation installation.
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18 Oct 2022
US Offshore Wind Growing on Sturdy Foundations
Once again, the events of the last month have shown that the drive to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050.Floating wind farm technology demonstration projects are being developed for both Atlantic and Pacific coasts as a precursor to large-scale floating wind farm projects being constructed towards the end of the decade and beyond.
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08 Sep 2022
Momentum Buildup Continues for US Offshore Wind
Once again, the events of the last month have shown that the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050.Attractive federal incentives are being put in place to promote offshore wind projects and the development of renewable hydrogen projects, which are ideal for pairing with offshore wind projects.
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04 Aug 2022
US Stays the Course Toward Offshore Wind Targets
The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050.Two major outer continental shelf (OCS) projects with around 940 megawatts (MW) of capacity have reached final…
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13 Jun 2022
Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production…
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01 Jun 2022
US Offshore Wind Segment Showing No Signs of Slowing Down
The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035.By 2035, we will see offshore wind turbines operating in the Atlantic and the Pacific and probably the Gulf of Mexico. We will also see an emergence of commercial scale floating wind farms around the end of the decade.
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12 May 2022
Carolina Long Bay Offshore Wind Lease Auction Results Send Mixed Signals
On Wednesday, French oil & gas major TotalEnergies and U.S. utility Duke Energy were declared provisional winners of the two lease areas auctioned by BOEM, the federal agency in charge of offshore wind area leasing and project permitting. Whilst the results can be seen as a positive indicator of the health of U.S. offshore wind market in the context of pre-2022 auction activity, the winning bidders…
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18 Apr 2022
What to Expect from the US Offshore Wind Market This Year
After many false starts, the U.S. offshore wind market is building strong roots for a solid future. But as the market develops from its current northeast and mid-Atlantic niche new opportunities and challenges arise.The U.S. offshore wind market has long been seen as not delivering on its significant potential. With an offshore wind technical potential of more than double that of the country’s total annual electricity sales, the U.S.
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26 Feb 2022
Six Developers Emerge as Winners in Historic $4.4B NY Bight Offshore Wind Lease Sale
The Bureau of Ocean Energy Management's (BOEM) New York Bight auction concluded February 26, 2022, a sale where six bidders committed to payments of close to $4.4B in total for the right to develop wind lease areas offshore New York and New Jersey.At least four of the leases have been secured by leading European offshore wind developers: Ocean Winds with GIG, RWE, Edf Renewables with Shell New Energies and Copenhagen Infrastructure Partners have all confirmed bid awards.
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25 Feb 2022
Strong Interest in New York Bight Offshore Wind Auction – No Declared Winner After Day 2
When bidding for six leases in the New York Bight commenced on Wednesday morning, the minimum option price to secure development rights was set at close to $49 million. After the first day, 13 active bids had resulted in cumulative bids of over $1.5 billion. At the end of the second day, bidding closed at a total of $3.35 billion. Bidding is set to continue until six leaseholders are identified.The auction reflects the increased interest and confidence in the opportunities provided by the U.S.
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24 Feb 2022
Offshore Wind Development Moves Forward in the New York Bight
The New York Bight auction is made up of six leases containing an estimated 5.6 GW of bottom-fixed offshore wind capacity that can serve New York and New Jersey offshore wind requirements, amongst others. Till now, New York and New Jersey have secured a combined capacity of 8.1 GW from offshore wind developers from a target to install 16.5 GW of offshore wind by 2035.On Wednesday, bidding started at $24…
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14 Feb 2022
Floating Power Plants: Is Nuclear the Key in the Net-zero Energy Transition?
Floating nuclear power plants (FNPPs) may not immediately spring to mind as providing a solution to several of today’s key global challenges – but FNPP development is emerging as a means of decentralized stand-alone production of cost competitive hydrogen-based fuels and clean electricity and water, according to a new report by Intelatus Global Partners.The commercial case for deployment of FNPPs featuring…
