Daily Archives: November 9, 2021

Abstract: Global Offshore AUV and ROV Market to Reach $7. 2 Billion by 2026 . Offshore Autonomous Underwater Vehicle (AUV) is an untethered, self-propelled, and unmanned underwater machine utilized to perform simple tasks without any human supervision.

New York, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Offshore AUV and ROV Industry" - https://www.reportlinker.com/p05900655/?utm_source=GNW Offshore AUVs are utilized extensively for mapping seafloor by surveying the platforms or to distinguish the chemical, biological, or physical properties of the water. Remotely Operated Vehicles (ROVs) have become more important in the offshore sector of the oil and gas industry for subsea construction and drilling support to allow deep-water exploration and development projects throughout the world. From decommissioning projects to exploration drilling, ROVs are widely used in the offshore sector. End-users are increasingly adopting AUV and ROV as a result of the high utilization of fossil fuels. The ever-increasing need for hydrocarbons has prompted corporations to concentrate their efforts on offshore drilling to boost green energy. In recent years, the importance of AUVs in researching seafloors before the installation of subsea infrastructure has driven demand for AUVs. Incorporating technologies like sensor-based steering and intelligent control systems are also expected to contribute to market growth.

Amid the COVID-19 crisis, the global market for Offshore AUV and ROV estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$7.2 Billion by 2026, growing at a CAGR of 14.3% over the analysis period. ROV, one of the segments analyzed in the report, is projected to grow at a 13.6% CAGR to reach US$6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the AUV segment is readjusted to a revised 16.4% CAGR for the next 7-year period. This segment currently accounts for a 25% share of the global Offshore AUV and ROV market. The rising use of ROVs in a variety of industries, including search & rescue, marine biology, military, oil and gas, submerged infrastructure, and aquaculture, as well as advancements in ROV technology, is anticipated to drive growth in the segment. The need for big AUVs for military and defense applications, as well as oil and gas exploration, is driving the expansion of the AUV market segment.

The U.S. Market is Estimated at $597.6 Million in 2021, While China is Forecast to Reach $522.3 Million by 2026

The Offshore AUV and ROV market in the U.S. is estimated at US$597.6 Million in the year 2021. The country currently accounts for a 16.7% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$522.3 Million in the year 2026 trailing a CAGR of 13.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.8% and 11.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR while Rest of European market (as defined in the study) will reach US$605.1 Million by the end of the analysis period. The rising usage of ROV & AUV in the oil and gas industries has been instrumental in the growth of the offshore ROV and AUV market in the Middle East, the largest regional market. Another factor boosting the market in the area is the growing global demand for oil and gas-based goods. Presence of several oil-producing countries in the Middle East and Latin America is a key factor for large markets of offshore ROV and AUV in these regions. North America is another key market, due to growing number of oil & gas projects, particularly in the United States and Mexico. Select Competitors (Total 48 Featured)

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AtlasElektronikGmbh

Deep Ocean Engineering, Inc.

Deep Ocean Group

DOF Subsea AS

Fugro NV

General Dynamics Mission Systems, Inc.

Helix Energy Solutions Group

Houston Mechatronics Inc.

Kongsberg Maritime AS

Oceaneering International, Inc.

SAAB AB

Saipem SpA

Subsea 7 S.A.

Teledyne Technologies Incorporated

Read the full report: https://www.reportlinker.com/p05900655/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022 Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times Defense Cuts amid COVID-19 Crisis Slows Down the Demand for Offshore AUVs and ROVs in 2020 EXHIBIT 2: Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion) EXHIBIT 3: UK Defense Budget: A Pre & Post COVID-19 Comparison (In US$ Billion) An Introduction to Offshore AUV & ROV Autonomous Underwater Vehicle (AUV) Remotely Operated Vehicles (ROV) Global Market Prospects & Outlook Analysis by Product EXHIBIT 4: World Offshore AUV & ROV Market by Product (2021 & 2027): Percentage Breakdown of Sales for Autonomous Underwater Vehicles (AUV) and Remotely Operated Vehicles (ROV) Analysis by Application EXHIBIT 5: World Offshore AUV & ROV Market by Application (2021 & 2027): Percentage Breakdown of Sales for Oil & Gas, Defense, Scientific Research, Commercial, and Other Applications Regional Analysis EXHIBIT 6: World Offshore AUV & ROV Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027) EXHIBIT 7: World Offshore AUV & ROV Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: Latin America, Middle East, Asia-Pacific, China, Africa, USA, Europe, Canada, and Japan Competitive Scenario Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS Established Role in Defense Applications Sustains Market Momentum EXHIBIT 8: Healthy Defense Spending to Amplify the Need for Offshore AUV and ROV: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023 EXHIBIT 9: Military Expenditure as a % of GDP in Select Countries Fast Evolving Role of Unmanned Vessels in Military Applications to Drive Market Expansion Critical Importance of UAVs & ROVs in Oil & Gas Sector Augurs Well EXHIBIT 10: Global Oil Production: Percentage Breakdown of Production by Onshore, Offshore, and Offshore Deep Water Activity for 2010 & 2019 EXHIBIT 11: World Average Rig Count by Region (2016-2020) EXHIBIT 12: Technology Use in Oil and Gas Industry: % of Companies Using Technology in Operations Sluggish Tide in Oil & Gas Sector Niggles Market Momentum EXHIBIT 13: Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021 EXHIBIT 14: Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020 Scientific Research: High Growth Vertical UAVs & ROVs Seek Role in Commercial Diving Applications Rise of Environmental Monitoring as Mainstream Concept Enthuses Market Hydrography Survey Made Easier with UAVs and ROVs Rising Emphasis on Marine Biotechnology Bodes Well Technology Advancements & Innovations Widen the Addressable Market Engineered Plastics Enhance Performance of ROVs & UAVs

4. GLOBAL MARKET PERSPECTIVE Table 1: World Current & Future Analysis for Offshore AUV and ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Offshore AUV and ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Offshore AUV and ROV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027

Table 4: World Current & Future Analysis for ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for ROV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for AUV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for AUV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for AUV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 16: World Current & Future Analysis for Scientific Research by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Scientific Research by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 18: World 15-Year Perspective for Scientific Research by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 22: World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES Table 25: USA Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 26: USA Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 27: USA 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 28: USA Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 29: USA Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 30: USA 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

CANADA Table 31: Canada Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Canada Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 33: Canada 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 34: Canada Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 35: Canada Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 36: Canada 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

JAPAN Table 37: Japan Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 38: Japan Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 39: Japan 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 40: Japan Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 41: Japan Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 42: Japan 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

CHINA Table 43: China Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 44: China Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 45: China 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 46: China Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 47: China Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 48: China 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

EUROPE Table 49: Europe Current & Future Analysis for Offshore AUV and ROV by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 50: Europe Historic Review for Offshore AUV and ROV by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 51: Europe 15-Year Perspective for Offshore AUV and ROV by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027

Table 52: Europe Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 53: Europe Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 54: Europe 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 55: Europe Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 56: Europe Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 57: Europe 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

FRANCE Table 58: France Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 59: France Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 60: France 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 61: France Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 62: France Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 63: France 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

GERMANY Table 64: Germany Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 65: Germany Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 66: Germany 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 67: Germany Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 68: Germany Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 69: Germany 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

ITALY Table 70: Italy Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 71: Italy Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 72: Italy 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 73: Italy Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Excerpt from:

Global Offshore AUV and ROV Market to Reach $7.2 Billion by 2026 - Yahoo Finance

Wind power as the International Energy Agency and the International Renewable Energy Agency among others project will be the largest source of energy in a net zero economy that limits global temperatures to 1.5C. But building the over 8.1TW of capacity of plant capacity that will provide one-third of global energy demand by 2050 requires that there is a dramatic scale-up of annual installations to four-times that achieved last year.

The global energy transition is gathering momentum and the accompanying news-stream becoming an information deluge. Separate the green giants from the greenwash and the hard facts from the click-bait headlines with Recharge Agenda, our curation of the market-making events of the week, distilled down into one quick-read newsletter. Sign up here for free

This unprecedented expansion of both onshore and offshore wind is plainly not happening quickly enough. And such transformational growth will not happen with business as usual policies and more of what climate action campaigner Greta Thunberg inimitably denounced as ongoing blah blah blah from the worlds power-brokers.

We need fearless action from governments that recognises the existential and time-sensitive nature of this emergency.

While it is easy to feel discouraged by the politics, widespread greenwashing, and the difficulty establishing global, binding commitments, I left the conference after the first week feeling that we are truly at an inflection point.

Here are six reasons why, through the lens of the offshore wind industry:

The resource. The potential of offshore wind is immense, with the potential to power the worlds energy demand 18-times over. Beyond the 2TW that could be turning by mid-century, some 16.5GW of floating turbines alone to be in the water by 2030, a dramatic increase from the 6.5GW the Global Wind Energy Council was anticipating only a year ago.

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The technology. Innovation over the last decade means that offshore wind can be deployed anywhere in the world almost immediately. Deepwater, far-from-shore. Typhoons, tsunamis. This technology-enabled flexibility ensures that the best wind resource can be harnessed while minimising impacts and delivering environmental justice to communities that have been historically affected by the worst impacts of power production.

Knowledge. Over 30 years of industry experience means we know what works and what doesnt. Renewable energy industry organisations are working tirelessly to ensure that these lessons learned are widely available so that countries can get it right from the start and scale quickly. The Roadmap to Integrate Clean Offshore Renewable Energy into Climate-smart Marine Spatial Planning published by the United Nations Global Compact and IOC-Unesco on Oceans Day earlier this year is a great example.

Competitiveness. Following a decade where we reduced levelised cost of energy by over 60%, offshore wind, along with onshore wind and solar, is now often the lowest cost / highest value source of new-build generation, meaning that there are no more financial excuses for inaction.

Finance. There is a tremendous amount of capital that is ready to finance offshore wind projects in markets where governments establish the right conditions. Institutions like the World Bank and the International Finance Corporation are working to make sure financing is available in emerging markets, which will enable the democratisation of offshore wind and expansion to vulnerable nations that need secure and stable clean energy.

Jobs. Offshore wind is highly skills intensive and requires an industrial revolution to build and maintain the ports, facilities and infrastructure for delivery. This creates a tremendous demand for skilled labour with requirements that are highly similar to those found in fossil fuel exploration, production, and generation. It is inevitable that these industries will be displaced if we are to achieve net zero our responsibility is to ensure a just transition and provide opportunities and training that enables the work force to bring these high value skills into our industry.

Beyond these reasons to take courage, it is energising to see that the technical feasibility of net zero now seems to be almost universally accepted, with questions mostly limited to timing. This is a colossal shift in attitude from previous COPs.

I am hopeful that the continued exposure of decision makers to the value of large-scale offshore wind power will show that climate action and economic growth are fully compatible. By increasing knowledge and removing fear, we can remove objections to actions and enable greater ambition to act in time.

Aaron Smith is chief commercial officer at floating wind technology developer Principle Power

Read more:

Beyond 'blah, blah, blah': six reasons offshore wind is cause for climate action optimism | Recharge - Recharge

Norwegian wind giant Equinor is not only pulling out of what would be the Atlantics first floating offshore wind farm, its also pulling out of doing business in Ireland altogether.

In 2019, Equinor partnered with the Irish utility Electricity Supply Board (ESB). In April, they jointly announced they would build a 2 billion ($2.3 billion) 1.4-GW floating offshore wind farm off the Clare and Kerry coasts, the Atlantic Oceans first offshore wind farm, as Electrek reported.

The plan was to turn Moneypoint coal power station in Clare Irelands only coal-fired power station into a multibillion-euro green energy hub. It was expected to be online within the next 10 years and would supply power to more than 1.6 million Irish homes, according to ESB.

But Equinor has pulled out of the project, and out of Ireland. According to the Irish Examiner, Equinor has abandoned wind plans in Ireland due to dissatisfaction with the regulatory and planning regime.

In other words, red tape.

An Equinor spokesperson told the Examiner, We wont comment in detail on how much the regulatory process was involved in the company decision.

The Examiner called Equinors departure a major blow for offshore wind energy production.

Minister for Public Expenditure and Reform Michael McGrath told Irish radio station Newstalk:

There is a need to change the regulatory and the planning system. We are doing that. We have legislation going through the Oireachtas [legislature] at the moment The Maritime Area Planning Bill, which for the first time will have a dedicated system in place to address planning issues in respect of all maritime matters, including offshore renewable energy.

We will be backing that up with investment. We will have a renewable energy auction next year in this area and we do expect by 2025 we will see actual offshore renewable developments in place.

McGrath shrugged off Equinors departure, saying, I wouldnt be too perturbed by that particular development, because he asserted that there are many companies eager to get into the Irish wind market.

Irish wind industry representative body Wind Energy Ireland CEO Noel Cunniffe said [via the Examiner]:

We are sorry to see one of the worlds leading energy companies pulling out of Ireland, but it is important to remember we still have some of the best offshore wind energy resources in the world and a growing pipeline of projects.

But this decision simply underlines what we have been saying for some time. We are not reforming Irelands planning and regulatory framework quickly enough to develop the offshore wind we will need to meet the targets in the Climate Action Plan.

This is leading to a lack of confidence in the industry and our international supply chain that Government must address.

Irelands goal is to source 80% of its electricity from clean energy by 2030.

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Equinor pulls out of Ireland, and a $2.3B floating offshore wind farm - Electrek

Leaders in business, labor and energy pledged on Monday to help Long Island manufacturers win contracts to supply component parts for the five offshore wind farms proposed for the region.

The executives acknowledged that the foundations, towers and turbines for the wind farms are to be constructed in upstate New York, principally in Albany and Buffalo. But some parts could come from factories in Nassau and Suffolk counties, they said.

"We need to address the supply chain how can we encourage more of our manufacturing sector to grow?" said Roger Clayman, who has been developing training programs for prospective wind farm workers as executive director of the union umbrella group Long Island Federation of Labor.

The new National Offshore Wind Training Center at Suffolk County Community College will include "manufacturing laboratories" where students are taught to make composite parts. The center has received a $10 million grant from the wind farm developers Orsted and Eversource, he said.

Clayman was among 70 officials who attended the first meeting of the Long Island Association business groups Offshore Wind Committee.

LIA CEO Matthew Cohen said during the hourlong virtual event that the committees formation shows the "huge" potential for wind farms to boost the local economy. Under agreements with the state, wind farm developers Orsted, Eversource and Equinor must ensure their five projects benefit the economies of downstate and upstate.

Long Island is to be home to maintenance facilities in Port Jefferson and Montauk, an office in East Setauket and electrical substations in East Hampton and Holbrook for Orsted/Eversource's South Fork Wind and Sunrise Wind projects. Equinor is planning a maintenance facility in Brooklyn and a substation in Island Park as part of its three wind farms.

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"We hope some [manufacturing] will happen on Long Island, but certainly the assembly will happen on Long Island and then be taken offshore," said Robert B. Catell, chairman of the LIA committee and leader of two energy research centers at Stony Brook University.

Construction and operation of the five wind farms will create about 7,000 jobs statewide, including many for area construction workers who are represented by unions.

Jennifer Garvey, New York market affairs manager for Denmark-based Orsted, said it has begun hiring maintenance technicians for South Fork Wind, which will begin operating in late 2023 about 35 miles east of Montauk Point. Training takes up to two years, she said.

Garvey said local attorneys, lobbyists and engineers have been working for about four years on the permits and other regulatory approvals for the Orsted/Eversource wind farms.

Phil Andrews, president of the Long Island African American Chamber of Commerce, said its members are eager to work with the wind farm developers. "We want to keep a lot of the money flowing to Long Island small businesses," he said.

James T. Madore writes about Long Island business news including the economy, development, and the relationship between government and business. He previously served as Albany bureau chief.

Continued here:

LI factories to seek role in offshore wind farms, execs say - Newsday

Larger wind turbines and larger offshore wind projects alone can reduce a wind farms Levelised Cost of Energy (LCoE) by more than 23 per cent relative to the average fixed-bottom offshore wind farm installed in 2019, according to the research carried out by the US Department of Energys National Renewable Energy Laboratory (NREL).

Researchers from NREL conducted one of the most comprehensive analyses currently available of the average cost per megawatt-hour to develop and maintain offshore wind farms and how those costs could change if current trends toward larger wind farms and turbines continue.

To do that, the team combined three models to compare the cost of a representative 2019 fixed-bottom offshore wind farm, which used one hundred 6 MW wind turbines for a total capacity of 600 MW, with various wind turbine and wind farm sizes up to a maximum of 20 MW wind turbines with a plant capacity of 2,500 MW.

The models showed that scaling up both wind turbine and wind farm size can reduce balance-of-system and maintenance costs through economies of scale (e.g., spreading export cable costs over larger projects) while reducing losses from wakes. Wakes, turbine-made turbulence that can decrease power production of downstream turbines, decline as turbines are spaced further apart in larger and larger wind plants. Combined, these savings can add up to more than 23 per cent, according to NREL.

We expected to see the costs decrease, said Matt Shields, an NREL researcher who leads the labs work on techno-economic analysis of offshore wind energy and headed the study.

But I was a little surprised about the magnitude. Thats really a game changer.

The teams data provide a valuable touchstone, the US DOE said. Now, the growing US offshore wind industry can more confidently invest in the supply chain needed to build bigger turbines and larger projectsa chain that is not yet sufficient to achieve the Biden administrations goal of deploying 30 GW of offshore wind energy by 2030, the US DOE said.

The study was funded by WETO and coauthored by NREL researchers Philipp Beiter, Jake Nunemaker, Aubryn Cooperman, and Patrick Duffy.

Still, more research is needed to achieve these savings, determine whether and how this reduction applies to floating offshore wind farms, and learn whether the bigger is better tenet has a limit. Cost savings could plateau at a maximum wind turbine or power plant size, according to NREL.

Right now, the wind industry cant achieve that 23 per cent. No manufacturer can build a 20-MW wind turbine yet.

And even when they can, the rest of the supply chain will need to catch up, too. For example, todays vessels and ports are designed to install wind turbines of 12 MW or less, NREL said.

However several companies have already ordered, or are about to order, vessels capable of transporting and installing 20 MW wind turbines such as Van Oord, Eneti, and Havfram.

Shields and his team plan to take a closer look at how innovations in technology and the supply chain might help further reduce costs in the future. In the meantime, they are working on creating a supply chain road map to find missing links.

We need to jump-start the domestic supply chain as quickly as possible to minimize project risks, make projects even cheaper, create local jobs, and grow a more sustainable industry, said Shields.

We want to build offshore wind power plants to reduce our carbon footprint, and we can do it in such a way that we are positively impacting local economies.

The supply chain must grow quickly to meet the United States 30-GW-by-2030 goal. And this study can help each link plan for a bigger future, NREL said.

Thats going to be a huge challenge for us over the next decade, said Shields. But its one thats worth investing in.

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Super-Sized Turbines and Offshore Wind Farms Bring 'Game-Changing' Cost Cuts - NREL - Offshore WIND

09 November 2021

Griffiths & Partners

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The Turks and Caicos Islands ("TCI")is a slice of heaven surrounded by beautiful turquoise waters andmiles of sandy white beaches. It is made up of eight populatedislands and over forty cays, and our moto is 'beautiful bynature'. But beyond the stunning vistas and sunny climes, TCIoffers several concrete advantages to set up reinsurance vehiclesand business.

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insurance coverage to individual policy holders, or insurers whowould be on the line to cover large pay outs for multiple (usuallyseveral hundred or thousands) of claimants in the event ofsomething like a natural disaster.

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The TCI tax-neutral regime is a globally responsible tax modelthat is simple and transparent. It efficiently supports the globalflow of investment capital and financing without posing taxableimpact to other countries' tax bases. Over 6,000 activereinsurance companies are registered in TCI to date, andapproximately 70 captives are licensed in TCI.

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The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circumstances.

POPULAR ARTICLES ON: Insurance from Turks and Caicos Islands

BSA Ahmad Bin Hezeem & Associates LLP

For those busy insurance/reinsurance professionals out there, BSA have provided a snap-shot of last year's UAE insurance laws and what to watch out for in 2021.

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The principal legislation governing companies in Bermuda is the Companies Act 1981, as amended (Companies Act), under which the majority of companies in Bermuda are incorporated by registration.

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While the emergence of property and casualty (P&C) startups in Bermuda is likely to be muted in the months ahead, the influx of life reinsurers is expected to continue and will only strengthen the Bermuda marketplace...

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Why The Turks And Caicos Islands For Your Offshore Reinsurance Vehicle? - Insurance - Turks and Caicos Islands - Mondaq News Alerts

Alex Lohman| Special to CalMatters

To hear that yet another oil spill is now destroying our coastline, and the ocean life living within it, is infuriating.

I grew up in Southern California. To me, it was always the gold standard: California, with beautiful cities adorning our beautiful beaches and politically, always the first to take new stances toward progressive environmental policies.

When I left California to continue my education and start my legal career as an attorney for youth in foster care in cities across the Midwest and East Coast, I touted Southern California as being the prettiest, the greenest and the best.

When I moved back home with my husband, a fellow beach lover from South Florida to a place just a few minutes from Seal Beach and a short drive down to Huntington Beach, I promised him the California shores were impossible to beat.

Unintentionally, I broke that promise to him.

The morning after we arrived in Southern California, I asked my husband to get in the car so I could take him for a famous breakfast burrito and show him the beautiful beaches of our new home. As we drove down the Pacific Coast Highway, he remarked on the strangeness of the oil rigs and marine construction out to sea developments absent from the Florida coast that he was used to.

After 10 years away from California, it was startling to now see these iron giants encroaching on the coastlines natural beauty. It was normal to see the rigs when I was a kid, but now that Ive seen other coastlines ornamented with nothing but white sand and waves, Im realizing just how damaging this industry is to our ocean life.

Themassive oil spillstretched across Huntington Beach and beyond. Our dolphins, shore birds and other sea life struggle to escape the suffocating and deadly reaches of this disaster.

It angers me that my nieces ages 2 and 4 are living in an age where polluter-caused catastrophes are just a normal part of life. With the frequency of oil spills and lack of corporate accountability for them, I fear that the young people in my life will only know the ocean by observing it on the other side of thick glass in a zoo or aquarium, rather than in the natural habitat Ive known and loved my entire life.

The ramifications these corporations face for their destruction are little more than a slap on the wrist, an insult to the communities left to clean up their messes. From my work as an attorney representing children and adults in the American criminal system, I have seen low-level drug offenses prosecuted with more vigor than corporate malfeasance and the destruction of our environment. Where is the justice in that?

We cannot sit idly by as oil and gas corporationscontinue to desecrate our beachesin the pursuit of a product that fuels the climate crisis all while jeopardizing our health and the environment. No coastal community should have to shoulder the toxic consequences of the oil and gas industry, especially now that greener and cleaner power options like solar and wind are available, which also encourage well-paid jobs and new technological advancements.

The Biden administration must correct this harmful approach to managing the countrys public lands and oceans by reducing the number and size of offshore oil and gas leases offered. Congress should also take immediate action to permanently protect our treasured beaches in Southern California and throughout the nation by banning offshore oil and gas drilling.

I inadvertently broke a promise to my husband, but in reality, the government is continuously and intentionally breaking a promise to us. Our leaders must take aggressive, affirmative action to protect our oceans from corporate greed. They must stop putting a price tag on the future of our oceans, and instead, allow our communities to enjoy and coexist with them.

Alex Lohman Is an attorney forChildrens Law Center of Californiaand assistant professor of political science at California State University, Long Beach. She lives in Long Beach and is passionate about our oceans as a beach lover and paddle enthusiast. She wrote this commentary for CalMatters.

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Commentary: Huntington Beach oil spill shows that leaders must take aggressive action - The Desert Sun

Fairmaster was deployed for nearly 12 months transporting monopiles and transition pieces to a new offshore wind farm (Jumbo)

PublishedNov 5, 2021 5:07 PM by The Maritime Executive

The emergence of the offshore wind energy sector and its planned rapid build out is creating multiple opportunities across the maritime world. While the focus has been on the shipbuilding contracts for the new vessels required for the construction, installation, and maintenance of offshore wind farms, current sectors of the industry, including the project cargo and heavy lift businesses, are also finding opportunities with the offshore wind energy projects.

Jumbo is an example of one of the specialized maritime companies that are rising to the challenges presented by offshore wind farms. Jumbo, a specialist in heavy-lift and large, unique cargos that was featured in the new issue of The Maritime Executive, is an example having recently completed the transport and handling of offshore wind turbine foundation components for rsteds Hornsea Two offshore wind farm.

The Hornsea Two project is notable because as part of one of the largest wind farms complexes, the installation project required the largest number of monopiles and transition pieces that Jumbo has ever shipped in a single contract. Each monopile, for example, was between approximately 28 and 31 feet in diameter and weighed up to 1,285 tons. Supporting DEME Offshore, which is carrying out the installation, the project required transporting 141 monopiles and 131 transition pieces from Rostock, Germany and Aalborg, Denmark to Eemshaven, the Netherlands.

Jumbo deployed its K-3000 class heavy lift vessel, the 502-foot long Fairmaster to the project, deciding to specially outfit a single vessel to meet the challenges of the assignment. The vessel with two 1,500-ton cranes provided a flexible deck layout that could offer three different loading configurations, which benefitted the projects transportation schedule. The vessel was able to switch between five monopiles loaded on deck and in the hold, six transition pieces and three monopolies, or three transition pieces and four monopolies, without requiring downtime for reconfiguration.

This engineered flexible solution made it an extremely efficient vessel for the project and is one of the things were most proud of, says Jumbos project manager Maarten De Gruyter. It helped us conclude the project scope within just 37 voyages in just under twelve months.

The large size of the project meant that Jumbo also had to accommodate adjustments to the schedule which was linked to the delivery sequence from fabrication yards. Jumbo explains that it required close cooperation with DEME Offshore regarding the scheduling, but the flexibility of the vessel permitted them to handle many changes to the sailing sequence and carry more equipment within less time.

During the planning phase, we designed and engineered the monopile saddles and transition piece grillages to deliver our proposed vessel efficiency. We used inlays in the saddles to accommodate the different diameters of the monopiles. The clearances were tight, sometimes 50cm or less between components, says De Gruyter. We also installed project-specific lifting lugs on the deck hatches to speed up loading and unloading operations.

rsted had also set a goal of decreasing the environmental impact of the construction on the Hornsea Two wind farm. Jumbo was required to include a Green Initiative into its project execution and decided to sail with Bio-Fuel Oil from sustainable marine biofuel provider GoodFuels to reduce the emissions from the operation of the Fairmaster.

We converted the Fairmaster into a kind of Swiss Army knife that provided an unrivaled heavy lift vessel intake of large diameter monopiles and transition pieces, but still with the flexibility required for the various lengths and diameters that were to be transported, says Jumbos commercial manager Boudewijn van der Garden. From tender to project conclusion, Jumbos focus was to provide a total solution.

Jumbo notes that while the scope of this project could be considered to be a straightforward back and forth vessel charter contract, it required extensive project planning and focus on the execution to optimize every part of this extensive transport scope. They expect that the offshore wind installation projects will create more opportunities and they are ready for the next challenge.

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Offshore Wind Farm Installation Creates New Opportunities for Jumbo - The Maritime Executive

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STOCKHOLM Offshore wind is supposed to be the uncontroversial renewable green, clean and largely out of sight but some Swedish localities are so opposed to wind towers poking over the waves that they'd rather build new nuclear reactors.

Do we want a beautiful coast where people want to live, with a fantastic tourist industry or do we want to destroy it with steel structures, with helicopters flying overhead to de-ice turbines? said Lars Beckman of the center-right opposition Moderate Party during a debate last week on building two new wind parks off the town of Gvle, a couple of hours drive north of Stockholm.

During the debate, Beckman raised his partys view that nuclear power, not wind, should be expanded. Nuclear generates about a third of Sweden's power.

In many countries like Germany and Poland offshore wind is seen as a way to expand renewable energy without getting the blowback that turbines encounter on land. But that's not always the case in Sweden, where offshore wind is quickly becoming a polarizing issue ahead of next year's parliamentary election.

And the fight is likely to get much worse.

According to a recent report by Swedeenergy, a business lobby group, Sweden may have to more than double its electricity production by 2045to meet rising demand from industries like mining and steel as they abandon fossil fuels.

The current government of the Social Democrats and Greens is putting much of its faith in wind. Swedens onshore wind power production has been ramped up sharply over recent years and rose 40 percent between 2019 and 2020 alone.

We have seen a rapid expansion of renewable electricity in Sweden, but to meet the acute challenge of climate change, we need to speed up this expansion, Environment Minister Per Bolund toldreporters at a briefing to announce a plan to make offshore projects cheaper for developers last month.Wind power at sea has enormous potential."

Existing applications for offshore wind projects in southern Sweden alone equate to 350 terawatt hours in new production, or roughly two-and-a-half times Swedens total 2020 electricity usage of 134 TWh, Energy Minister Anders Ygemantold the same press briefing.

But the best and cheapest areas for new wind projects are often quite close to shore, sparking growing resistance.

In Smgen, a fishing village on the west coast, local center-right Mayor Mats Abrahamsson is against offshore wind near his municipality, saying structures as tall as the Eiffel Tower in the sea would be alien to his community.

This is just not what you associate with this place, he told Swedens SVT. Sea, sun, fish and shrimps, that is what we associate with this place.

Applications for new projects have to be approved by local councils and environmental courts, sparking political and legal battles across Sweden. In many cases, the same objections that have been traditionally used against onshore wind power that the turbines are ugly and noisy and damage natural habitats and prospects for tourism are now being used against offshore projects.

That's what happened in Gvle, where opposition politicians like Beckman succeeded in postponing the decision of two parks off Gvle Utposten 2 and Storgrundet for a month by requesting more information on financing.

After the meeting, Social Democrat Councillor Jrgen Edsvik, who backs the projects along with most other local lawmakers, said the schemes could have a major impact on the economy of Gvle where companies including Microsoft are requesting large amounts of clean power and also boost efforts to fight climate change.

Any planned new exploitation has an impact, and it is regrettable that some individuals can sometimes find that their immediate environment is changed, said Edsvik. At the same time, we municipal lawmakers have to look at the interests of the whole society, for everyone who lives in Gvle.

The fight in Gvle is part of a wider battle over the role that nuclear and wind should play in decarbonizing Sweden's electricity grid.

The Moderate Party has led attacks on the government over the shutdown of a nuclear reactor at the Ringhals plant in southern Sweden earlier this year, and in a widely watched television debate in late October, representatives of the main parliamentary parties clashed fiercely over the issue.

That has academics worried it will distract the country from the bigger effort to combat climate change.

We have a huge demand for electricity to meet, said Lisa Gransson, a researcher of energy systems at Gothenburgs Chalmers University of Technology. There is too much of a focus on differences of opinion instead of what we agree on.

For the rest of Europe, the tensions in Sweden over energy policy are a sign of things to come, with lawmakers forced to weigh rising voter concern over climate change against local disquiet over renewable infrastructure. There are similar battles in Germany over a proposed power link connecting North Sea offshore wind and southern industrial regions, with locals worrying about the project despoiling pretty Alpine views.

In Sweden, the center of gravity of this fight has now moved to the coast.

In Trelleborg, in the far south, center-right Mayor Mikael Rubin said wind turbines on the horizon would damage his municipality's tourist industry.

Swedish law allows towns to veto plans for local wind parks, and Trelleborg council has exercised that right, despite recent moves by the government to create financial incentives for communities that allow wind farms.

Money isnt everything, Rubin said.

In Gvle, the debate over Utposten 2 and Storgrundet will begin again in late November.

Social Democrat Councillor Edsvik believes that the project will be passed, and come election day next fall, voters will back his partys stance because it will ensure local industries get the clean electricity they need while contributing to national efforts to cut carbon emissions.

It is important that Gvle plays its part, he said.

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The tricky politics of Swedens offshore wind - POLITICO.eu

116 out of 165 Siemens Gamesa 8.4 MW wind turbines have been installed at Hornsea Two, soon to be the largest offshore wind farm in the world, rsted said.

142 inter-array cables have also been installed at the site some 89 kilometres off the Yorkshire coast, the UK.

As reported earlier, both offshore substation topsides and the final of the 165 monopile foundations were installed at the site in October.

The first power from the 1,386 GW wind farm is expected later this year when the offshore transmission asset gets connected to the grid.

rsted plans to fully commission Hornsea Two during the first half of 2022.

Greater Changhua 1 and 2a

In Taiwan, rsted reported that 11 out of the 111 jacket foundations have been installed at the 900 MW Greater Changhua 1 and 2a.

We continue to make good progress in all areas of the construction, and installation of wind turbines and array cables is expected to commence in February 2022. However, Taiwan continues to be affected by COVID-19 restrictions, which could potentially affect the construction schedule and eventually lead to possible delays, rsted said in its Interim report for the third quarter of 2021.

The company has also recently showcased the first jacket foundation 100 per cent built in Taiwan, which will be installed at Greater Changhua 1 and 2a.

The Changhua 1 and 2a offshore wind farms will comprise a total of 111 Siemens Gamesa 8 MW turbines installed at the site some 35 to 50 kilometres off the coast of Changhua County.

The offshore construction will be carried out during 2021 and 2022, with the project expected to be fully up and running in 2022.

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rsted Gives Construction Update on Major Offshore Wind Farms - Offshore WIND