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Pune, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Offshore Wind Market by Vendor Assessment, Technology Assessment, Partner & Customer Ecosystem, type/solution, service, organization size, end-use verticals, and Region Global Offshore Wind Market Forecast to 2030, published by Market Data Centre, The Offshore Wind Market is projected to grow at a solid pace during the forecast period. The presence of key players in the ecosystem has led to a compsetitive and diverse market. The advancement of digital transformation initiatives across multiple industries is expected to drive the worldwide Offshore Wind Market during the study period.

This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Offshore Wind Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Offshore Wind Market.

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Regional Analysis:

On the basis of Geography, the Global Offshore Wind Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Offshore Wind Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.

The growing number of Offshore Wind Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.

List of the Companies Covered in the Offshore Wind Market Report:

In deep ToC includes

233 Tables

45 Figures

300 Pages

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Table of Contents

1. INTRODUCTION1.1. Market Definition1.2. Market Segmentation1.3. Geographic Scope1.4. Years Considered: Historical Years 2017 & 2020; Base Year 2021; Forecast Years 2022 to 20301.5. Currency Used2. RESEARCH METHODOLOGY2.1. Research Framework2.2. Data Collection Technique2.3. Data Sources2.3.1. Secondary Sources2.3.2. Primary Sources2.4. Market Estimation Methodology2.4.1. Bottom-Up Approach2.4.2. Top-Down Approach2.5. Data Validation and Triangulation2.5.1. Market Forecast Model2.5.2. Limitations/Assumptions of the Study3. ABSTRACT OF THE STUDY4. MARKET DYNAMICS ASSESSMENT4.1. Overview4.2. Drivers4.3. Barriers/Challenges4.4. Opportunities5. VALUE CHAIN ANALYSIS6. PRICING ANALYSIS7. SUPPLY CHAIN ANALYSIS8. MARKET SIZING AND FORECASTING8.1. Global - Offshore Wind Market Analysis & Forecast, By Region8.2. Global - Offshore Wind Market Analysis & Forecast, By Segment8.2.1. North America Offshore Wind Market, By Segment8.2.2. North America Offshore Wind Market, By Country8.2.2.1. US8.2.2.2. Canada8.2.3. Europe Offshore Wind Market, By Segment8.2.4. Europe Offshore Wind Market, By Country8.2.4.1. Germany8.2.4.2. UK8.2.4.3. France8.2.4.4. Rest of Europe (ROE)8.2.5. Asia Pacific Offshore Wind Market, By Segment8.2.6. Asia Pacific Offshore Wind Market, By Country8.2.6.1. China8.2.6.2. Japan8.2.6.3. India8.2.6.4. Rest of Asia Pacific (RoAPAC)8.2.7. Rest of the World (ROW) Offshore Wind Market, By Segment8.2.8. Rest of the World (ROW) Offshore Wind Market, By Country8.2.8.1. Latin America8.2.8.2. Middle East & Africa

ToC can be modified as per clients' business requirements*

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Key Questions Answered in This Report:

Vendor Assessment

Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Offshore Wind Market. The MDC CompetetiveScape model was used to assess qualitative and quantitative insights in this assessment. MDC's CompetitiveScape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's CompetitiveScape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.

Technology Assessment

Technology dramatically impacts business productivity, growth and efficiency.Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.

Business Ecosystem Analysis

Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.

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Regions and Countries Covered

North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW).

Report Coverage

Offshore Wind Market Dynamics, Covid-19 Impact on the Offshore Wind Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Offshore Wind Market Sizing, Analysis Tables.

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About MDC:

Market Data Centre (Subsidiary of Yellow Bricks Global Services Private Limited)

Market Data Centre offers complete solutions for market research reports in miscellaneous businesses.These decisions making process depend on wider and systematic extremely important information created through extensive study as well as the most recent trends going on in the industry.The company also attempts to offer much better customer-friendly services and appropriate business information to achieve our clients ideas.

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Offshore Wind Market - Rapidly Expanding Government Commitments and Technological Progress are Contributing the Growth | MDC Research - GlobeNewswire

Youve heard the news and seen the reports: the most catastrophic impacts of the climate crisis are coming unless we transition from fossil fuels to clean energy as soon as possible. But for some of us, the climate crisis is already here and impacting our health, safety and communities. I am a retired Exxon-Mobil employee from Port Arthur, Texas a city that has become a sacrifice zone for the profits of the oil and gas industry, where the United States government has permitted pipelines, liquified natural gas and petrochemical facilities and offshore drilling. Here, we have seen firsthand what happens when the government listens to the fossil fuel industry instead of people. The costs on our families and communities are mounting. Its time for the status quo to change and for politicians to keep their word to us, starting by putting an end to new offshore drilling leases.

Last month, the Biden administration released their long-awaited five-year plan a proposed schedule of oil and gas lease sales in the Gulf of Mexico and Alaska. When running for office, Joe Biden made a promise that, if we elected him to the White House, he would end all new leasing on federal lands and waters but this proposed plan tells a different story. By opening the door to new leases in the five-year plan, the Biden administration has decided to do the bidding of the fossil fuel industry instead of protecting the people who are going to pay the price.

For those of us whove spent our entire lives in endangered Gulf communities, there is a world of difference between a five-year plan from the Biden administration that includes new offshore leases and one that doesnt. The former means devastating oil spills, rising sea levels and constant flooding, and a continued threat to our respiratory health. The latter brings hope for a livable future and a start to the clean energy transition that President Biden promised on the campaign trail. Even for those who dont live in the Gulf, the difference between these two paths forward is staggering. An end to new offshore drilling would prevent 19 billion tons of carbon pollution from entering our atmosphere which is the equivalent of taking every car in the United States off the road for 15 years.

The fossil fuel industry already has over 9,000 leases they have yet to utilize, tap into, drill and explore. They claim that we need to sacrifice communities like my own in the name of energy prices and national security all while these oil and gas executives rake in record breaking profits at the expense of American families. We should be asking ourselves why would we offer more leases to an industry that already has thousands, especially when it has been proven that it wont lower gas prices? Its because this industry and their political allies will never get enough money or power. Its abundantly clear that expanding fossil fuel infrastructure puts us on a direct path to climate catastrophe. I dont know how many more summers with record-breaking heat, hurricanes and super storms we have to experience before our government understands that we cannot go on like this anymore.

This week, Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) reached a deal on climate investments with the Inflation Reduction Act. In its current form, it would offer millions of acres off the Gulf for offshore drilling for decades to come, putting communities like mine in harms way. We no longer have the luxury of debating whether or not we should open up our oceans to more oil and gas drilling. If the Biden administration and our elected officials choose to dismiss the warning signs, ignore their own commitments and cave to the fossil fuel industrys demands, they are all complicit in permitting a climate apocalypse. We cant keep flying past these warning signs and flashing lights we must understand that new drilling is a death sentence for the Gulf Coast and for our planet. If you think I am being alarmist, I invite you to come down to the Gulf Coast and see what the fossil fuel industry has done to our air, water and health you can come see firsthand why we dont want any new leases.

We need a five-year plan with no new leases, we need bold climate investments to truly transition us away from fossil fuels, and we need to hold our elected officials accountable for turning their backs on our communities. There is no room for more fossil fuels if we want a livable future if the Biden administration bows down to the fossil fuel industry, we have to rise up and push back.

John Beard Jr. is the founder, president, and executive director of the Port Arthur Community Action Network, serving the Port Arthur/Southeast Texas area as a community advocate.

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President Bidens offshore drilling plan will make or break climate and environmental justice promises - The Hill

The French government has selected 13 companies and consortia to advance to the second phase, the competitive dialogue phase, of the tendering procedure to build two 250 MW floating offshore wind farms in Golfe du Lion in the Mediterranean Sea.

The selected candidates include Iberdrola; Vattenfall; Ocean Winds; Cobra Instalaciones y Servicios, S.A.; Eni Plenitude; the Ocole partnership led by Equinor; the consortium of BlueFloat Energy, Sumitomo Corporation, and Akuo Energy; the partnership between EDF Renewables and Maple Power, a joint venture of Enbridge and CPPIB; the partnership between BayWa re and Elicio; the partnership between RWE and Bourbon; the Les Moulins du leonis consortium of Shell and EnBW; the Marine Energy Archipelago consortium of Qair, TotalEnergies, and Corio Generation; and a consortium led by wpd.

The tendering procedure for the two wind farms was launched in March.

Over the next few months, the government will exchange draft specifications with the selected bidders. This will be adapted to the specificities of the Golfe du Lion and the Mediterranean coast, and will take into account the multiple environmental and territorial development issues raised during the public debate, the government said.

The competitive dialogue period will end at the end of 2022. The choice of the winner or winners will be made in the fall of 2023, and the commissioning of the wind farms is scheduled for 2030.

The winners of these competitive bidding procedures will be selected in 2023 and the two wind farms are expected to be commissioned by 2030.

The two wind farms are also planned to subsequently be supplemented by two extensions of 500 MW each, located nearby.

France intends to accelerate the development of offshore wind power in order to build 50 offshore wind farms by 2050, representing 40 GW of total capacity and nearly 20 per cent of electricity consumption in France.

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13 Bidders Stay in Race to Build Floating Wind Farms Offshore France - Offshore WIND

But towing the prototype to site and hooking it up will have to wait for a suitable weather window, probably after mid-September when strong trade winds in the Canary Islands subside.

The company installed gravity-based foundations comprising three reinforced concrete blocks in December last year. It mounted the nacelle on the PivotBuoy structure in October 2021, using a Vestas V29 225kW turbine originally designed for fixed foundations, which has been retrofitted using a full-converter supplied by ABB.

The PivotBuoy design is one of three technologies aiming to demonstrate up to 300MW of precommercial offshore solutions at test sites around Gran Canaria by 2025under the Plocan initiative.

Adrian Oliva, X1 Winds electrical engineering manager, said installing the 1.4km 20kV cable will allow us to fully validate the floater and wind turbine performance, feeding the electricity to Plocans smartgrid, as well as transmitting data through its fibre optic connection. Also, we will be able to validate the cables dynamic behaviour.

X1 Wind claims its PivotBuoy system is lighter than other spar and semi-submersible offshore platforms and towers and is designed for future mass production at a low cost. Fitting the turbine in a downwind configuration enables the structure to orientate passively and maximise energy yield. The single-point swivelling mooring system is connected to the foundations by vertical tensioned tendons that reduce the platform and cable dynamic motions, facilitating maintenance and minimising fatigue in the power cable.

PivotBuoy won a 4 million grant from the EUs Horizon programme in March 2019 and a 2.5m accelerator grant from the European Innovation Council (EIC) in June 2021 to develop the design and certify the platform.

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Video: X1 Wind poised to install prototype offshore wind floater 'as soon as weather allows' - Windpower Monthly

The Inflation Reduction Act spending bill, reflecting compromise between Senator Joe Manchin and Majority Leader Chuck Schumer, contains several measures to bolster offshore wind and other renewable energy development in the United States. If passed, the bill would allocate hundreds of billions of dollars to help facilitate a clean energy transition, primarily through clean energy tax credits, as we discuss here. Several provisions related to offshore wind and related transmission infrastructure stand out, and the incentives they provide may succeed in spurring necessary infrastructure development, though some constraints remain.

The spending bill earmarks $2 billion in loans to support new and upgraded electric transmission facilities, and another $760 million in grants to siting authorities to assist high voltage interstate projects and offshore electricity transmission projects in navigating the review and approval processes. This funding reflects a key reality: the clean energy transition is not just a shift in the type of energy source used (e.g., fossil fuels to renewables like wind and solar), but also a shift in where electric generation occurs. The electric grid needs new large-scale transmission lines to deliver power generated at onshore and offshore wind and other renewable generation facilities, and siting these lines can be a challenge. For example, we have previously discussed the limited siting and interconnection options necessary to deliver offshore wind power, as well as the gap in the Federal Energy Regulatory Commissions backstop siting authority in overcoming a state or siting authoritys rejection of a transmission project, since that authority withholds the power of eminent domain for state-owned land.

The new spending bill does not solve the backstop siting authority problem, but it does offer financial incentives to address the problem. First, it offers grants to siting authorities to fund studies and analyses of proposed transmission projects, negotiations with project proponents and opponents, and other measures and actions that may improve the chances of, and shorten the time required for, approval. (Sec. 50152). The bill incentivizes faster approvals, as receipt of grant funds requires the siting authority to agree to make a final siting decision within two years of grant funding. It also incentivizes approvals by allowing economic development money to flow to siting authorities and state, local, or tribal governments that approve projects, in order to address communities that may be affected by a transmission projects construction and operation.

The spending bill also includes an additional $100 million specifically allocated to address planning and modeling for interregional and offshore wind electricity transmission projects. Funded activities include studying cost allocation methodologies that facilitate expansion of the bulk power system, power flow modeling, evaluating existing rights-of-way and the need for additional transmission corridors, and planning for a national transmission grid to optimize the grid for interconnection to offshore wind farms.

The spending bill would open additional areas to offshore leasing in two main ways. First, it would amend the Outer Continental Shelf Lands Act (OCSLA) to extend the acts coverage to federal offshore waters within the exclusive economic zone of U.S. territories, including Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and the Northern Mariana Islands. For several years, members of Congress have introduced bills to bring offshore wind development to these areas. This bill would require the government to issue calls for information and nominations for proposed wind lease sales in waters offshore of U.S. territories by September 30, 2025.

Second, the spending bill would override the Trump-era moratorium that currently prohibits federal leasing on the outer continental shelf off the Southeast United States coast. The ten-year moratorium took effect on July 1, 2022, but despite the Biden administrations desire to revoke or sidestep that moratorium to advance clean energy development in that area, revocation requires legislative action. (The Trump administration faced this same barrier in trying to undo an Obama-era withdrawal of unleased federal lands off the coast of Alaska, where a federal court in League of Conservation Voters v. Trump found that the President lacks authority to reinstate previously withdrawn lease areas.)

However, a potential hurdle for both of these changes remains since the spending bill is being advanced through the reconciliation process. That process allows fast-tracked tax and spending bills to have House and Senate differences reconciled before being forwarded to the President for approval. The Senates Byrd Rule prevents legislators from using the reconciliation process to include extraneous provisions unrelated to tax and spending matters. If a senator objects to an extraneous provision, the Senate Parliamentarian reviews and may strike offending provisions, which then cannot be re-added by amendment. The spending bills provisions expanding OCSLAs coverage area and overriding the leasing moratorium could potentially be challenged, as they make no mention of the budgetary impact of reinstating the lease areas, contain no tax provisions, and do not discuss government spending.

The spending bills attempt to override the Southeast area moratorium is not alone. Separately, an amendment to the National Defense Authorization Act for FY 2023 would similarly override the Trump-era withdrawal. It would also clarify that presidential withdrawals of leasing areas are presumed to only apply only to oil, gas, and sulphur leases unless explicitly written to apply to other leasing. The impetus behind that provision is to avoid general and broad language like that Trump used in issuing the moratorium from applying to renewable energy projects, and to force specificity in such withdrawals.

The spending bills expansion of wind and solar opportunities on federal land and in federal waters comes with a catch: the government would only be able to grant these new leases and rights-of-way if the governments oil and gas leasing meets certain metrics. For offshore wind, the government could only issue a lease if, during the prior year, the government offered at least 60 million acres in oil and gas lease sales. To put that volume in perspective, a recent oil and gas lease sale (the November 2021 auction for Lease Sale No. 257) offered approximately 81 million acres for oil and gas leasing, with only 1.7 million acres receiving bids. At present, only about 12 million acres out of over two billion acres on the outer continental shelf have current oil and gas leases. This provision and a sister provision applying to onshore oil and gas leasing have already drawn fierce opposition, but reflect a compromise between renewable energy development and measures to support energy security and reliability, and presumably were necessary to obtain Sen. Manchins support.

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What the Inflation Reduction Act Would Do, and Not Do, to Support Continued Offshore Wind Development - JD Supra

Wind turbine manufacturer Siemens Gamesa has reported a loss of EUR 343 million pre PPA and before integration and restructuring costs recorded in the third quarter of the Fiscal Year 2022.

The company reported revenue of EUR 2.436 billion in the three months up to 30 June, a ten per cent decrease year-on-year.

The reported net income attributable to Siemens Gamesa equity holders amounted to EUR 446 million between April and June 2022.

In the first nine months of fiscal year 2022, the companys revenue amounted to EUR 6.442 billion, a 12 per cent decrease year-over-year. The loss pre PPA and before integration and restructuring costs for the period stood at EUR 957 million, with an EBIT margin of -14.8 per cent.

The reported net income attributable to Siemens Gamesa shareholders in the first nine months of fiscal year 2022 amounted to -EUR 1.226 billion.

The turbine manufacturer said that its performance continued to be negatively affected by volatile market dynamics such as the inflation of energy, raw material and logistics costs, non-availability of key wind turbine components, port congestion, and supply delays.

All these factors impacted manufacturing, project execution, and delivery, the company said.

There were also internal challenges, including a difficult ramp-up of the Siemens Gamesa 5.X onshore platform and higher costs driven mainly by failure of components and repairs in legacy onshore platforms.

Consequently, the company has adjusted its target for EBIT margin pre-PPA and before integration and restructuring costs for FY 2022 to -5.5 per cent after previously announcing -4 per cent.

The company maintains its expectation that it will achieve revenue growth in line with the lower end of the previous range of -2 per cent to -9 per cent.

Record Backlog, Strong Offshore Order Intake

In an extremely challenging situation, the strong momentum in renewables boosted the companys backlog to a record EUR 33.98 billion, Siemens Gamesa said.

Siemens Gamesas order intake from April to June amounted to EUR 3.523 billion, EUR 2.094 billion of which was in Offshore, a 14.3-fold increase year-over-year. Order intake during this quarter was 2.3 times the figure registered in the third quarter of fiscal year 2021.

Mistral Strategy Program

In response to this situation, Siemens Gamesa said it is taking decisive steps for long-term value creation under the recently launched Mistral strategy program, which aims to overhaul the current operating model, making the organization simpler and leaner. The strategy is also expected to improve organizational efficiency and effectiveness.

The company will maintain a business-focused setup while strengthening the Chief Operating Officer (COO) and Chief Technology Officer (CTO) teams to accelerate harmonization and standardization across Siemens Gamesa. Businesses will focus on sales, projects and product roadmap, and keep full P&L responsibility.

Details of the new operating model will be finalized by 1 October, Siemens Gamesa said.

Under the new structure, which will go into effect on 1 January 2023, Siemens Gamesa will create a single technology roadmap across the businesses, making cross-company platform solutions scalable and reducing non-conformance costs (NCCs) through harmonized processes and by focusing on key competencies across Siemens Gamesa.

Now is the time to take decisive action and sustainably shape our future. Under our new operating model, we will be able to support our customers faster and with greater expertise, said Siemens Gamesa CEO Jochen Eickholt.

By setting up simpler processes, we will empower our people, teams and organizations to take responsibility and enable faster learning cycles. As for investors, Eickholt emphasized that, The new setup will accelerate our companys turnaround. It will provide a very clear picture of business activities and greater transparency overall regarding the trajectory that Siemens Gamesa will take as a global leader in the green energy transition.

In the new operating model, the COO will be responsible for manufacturing across the entire Siemens Gamesa portfolio. In addition, all supply-chain- and production-related activities globally will be combined under the COOs scope, enabling production standardization with the support of a qualified supplier network. The new setup is expected to unlock significant value and enable a transition to mid- to long-term procurement contracts of direct materials. Overall, the strategy is expected to ensure competitive high-quality products across businesses and provide greater transparency for the capital market.

Additionally, there will be a single technology development team spanning Offshore, Onshore, and Service, led by the newly created CTO position, summarizing all product-development-related activities globally. Integrating the teams under a global function at the corporate level is a prerequisite to accelerating the harmonization and standardization of technologies across the company, providing overall stability to the development process and product quality, Siemens Gamesa said. The new CTO will be announced in due time.

Three-Phased Approach

The Mistral strategy program will be deployed in three phases, spanning short-term to long-term timelines, from 2022 to 2025 and beyond.

The immediate goals are to achieve product maturity in the Siemens Gamesa 5.X onshore platform coupled with cost assurance.

In the medium term, the team will achieve a lean structure in all target markets, while improving competitiveness and profitability, and growing the top line.

By 2025, Siemens Gamesa aims to have streamlined its platform strategy and achieved a scalable, cross-application operating model for Offshore, Onshore, and Service combined with a highly commoditized supply chain that is robust against market disruptions.

Under the new operating model, Siemens Gamesa is preparing to reap significant cost synergies through the potential integration into Siemens Energy, the company said.

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Siemens Gamesa Sinks Further Into Red, Takes Action to Stabilize Business - Offshore WIND

Two wind measurement devices, called floating LiDARs, have been retrieved and inspected after two and a half years of collecting wind data at the proposed Star of the South offshore wind project site in Australia, with the ground investigations wrapping up as well along the projects proposed transmission route.

The wind data collected by the two floating LiDARs confirmed that the proposed project area experiences strong and consistent winds and is a suitable location for generating electricity from the wind, according to Star of the South.

The LiDARs, deployed back in 2019, were assessed by the projects marine specialists to see what had grown on the buoys during their time on the water. This provides extra data for the team to understand the local marine environment, Star of the South said.

Star of the South procured LiDAR wind and wave monitoring buoys from France-based Akrocean in 2019, while TEK-Ocean was responsible for the installation, maintenance work, and retrieval of the LiDARs.

Meanwhile, the ground investigations along the projects proposed transmission route have been completed as well.

Since April, engineering consultants Douglas Partners collected more than 1,100 soil samples from more than 150 sites with the support of Gunaikurnai Land and Waters Aboriginal Corporation which advised on cultural heritage, and Kiernan Plant Hire which supplied excavators and haulage equipment.

Laboratory testing of the samples is ongoing while the findings will assist in designing the projects underground transmission system.

Located off Gippslands south coast in the Bass Strait, the Star of the South offshore wind farm is planned to have up to 200 wind turbines and an installed capacity of 2.2 GW.

If it proceeds to construction, the wind farm would be able to power up to 1.2 million Victorian homes with clean energy, meeting up to 20 per cent of the Australian states electricity needs.

At the beginning of March, the Victorian Government announced a plan to build up to 9 GW of offshore wind by 2040 and to have the first offshore wind-generated electricity flow in 2028.

Star of the South, the first and most progressed offshore wind project in Victoria, is being developed to deliver clean energy to the grid by 2028.

Along with Copenhagen Infrastructure Partners and Cbus, the project is also owned by Australian Founders Terry Kallis, Andy Evans and Peter Sgardelis.

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Onshore and Offshore Surveys Wrap Up at Australia's First Offshore Wind Farm - Offshore WIND

The proportion of offshore oil and gas industry operations and technologies companies hiring for data analytics-related positions rose in July 2022 compared with the equivalent month last year, with 72.2% of the companies included in our analysis recruiting for at least one such position.

This latest figure was higher than the 65.1% of companies that were hiring for data analytics-related jobs a year ago and an increase compared to the figure of 69.4% in June 2022.

When it came to the rate of all job openings that were linked to data analytics, related job postings dropped in July 2022 from June 2022, with 7.9% of newly posted job advertisements being linked to the topic.

This latest figure was an increase compared to the 6.7% of newly advertised jobs that were linked to data analytics in the equivalent month a year ago.

Data analytics is one of the topics that GlobalData, from which our data for this article is taken, has identified as being a key disruptive force facing companies in the coming years. Companies that excel and invest in these areas now are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.

Our analysis of the data shows that offshore oil and gas industry operations and technologies companies are currently hiring for data analytics jobs at a rate higher than the average for all companies within GlobalData's job analytics database. The average among all companies stood at 5.8% in July 2022.

GlobalData's job analytics database tracks the daily hiring patterns of thousands of companies across the world, drawing in jobs as they're posted and tagging them with additional layers of data on everything from the seniority of each position to whether a job is linked to wider industry trends.

You can keep track of the latest data from this database as it emerges by visiting our live dashboard here.

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Data analytics hiring levels in the offshore industry rose in July 2022 - Offshore Technology

Gavin & Doherty Geosolutions (GDG), founded in Dublin in 2011, is furthering their global expansion with a new venture into the Japanese market to support them in achieving the ambitious offshore wind targets set out by the Japanese Government in the Basic Energy Plan.

The development of offshore wind farms in Japan brings some unique challenges, such as earthquakes, typhoons and unusual geological formation. In this new collaboration, GDG will combine their unique expertise in offshore engineering and geoscience with the local Japanese knowledge of Geo Marine Service Co., Ltd and Nikken Sekkei Ltd, to offer unparalleled survey specification, wind turbine foundation design and certification process support to the Japanese market.

Speaking at the recent signing of a Memorandums Of Understanding (MOU) between the partners, Paul Doherty, Founder of GDG and Executive Vice President of Engineering at Venterra Group, said "The GDG team are experts at finding innovative engineering solutions to support some of the most challenging offshore wind projects around the world and we look forward to building on our current base of foundation design projects in Japan. We're delighted to partner with Japanese organisations who hold invaluable local knowledge of the marine regulatory regime, grid and development procedures. Together, we are committed to supporting projects that contribute to the global sustainability agenda."

To date, GDG has supported 35,000MW of offshore wind globally, that's enough energy to power approximately 25 million homes. They are leaders in geotechnical engineering design and have already expanded to the UK, EU and the US. They will bring their unique capabilities to their latest target, Japan.

The Basic Energy Plan, issued by the Japanese Government, has set a target of 45,000MW of offshore wind by 2040 and will go some way to helping Japan achieve its decarbonisation targets, as well as the growing need to reduce energy costs for consumers. However, the Japanese service supply chain required to make this happen has not been sufficiently established.

Ken Yoshizumi, Representative Director, Geo Marine Service Co., Ltd, explains, "Our aim is to offer solutions for these challenges through combining our extensive experience in onshore wind with GDG and Nikken Sekkei Ltd, who can introduce the latest international technologies and knowhow. We are fully committed to supporting the needs of the Japanese market through competitive foundation design work, which is of major importance in the development of offshore wind farms."

ENDS

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Source and top image: Gavin & Doherty Geosolutions

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GDG to Make Waves in the Japanese Offshore Wind Market - Off Grid Energy Independence

A huge new offshore wind farm could power over a third of Welsh homes with renewable energy, those behind the project have claimed.

The wind farm, which is still in its planning phase but is set to include up to 50 turbines, could supply energy to around 500,000 of the countrys 1.38 million households.

If built, Awel y Mor could help tackle climate change and minimise the UKs reliance on imported energy, German-owned energy company RWE Renewables has said.

It could also cut energy costs and help the Welsh Government reach their 70% renewable energy target by 2030.

But critics of the scheme say the turbines, which would stand just over 10km off the north Wales coast, would harm marine life and affect tourism by spoiling the views from Snowdonia, other beauty spots and conservation areas.

Speaking to PA news agency from Gwynt y Mor wind farm, located in the Irish Sea, Tamsyn Rowe, RWE project lead, said: Awel y Mor would be a fantastic opportunity for Wales. It would bring significant benefits in terms of helping the Welsh Government meet their renewable energy targets of 70% by 2030.

Tamsyn Rowe at RWEs Gwynt y Mor, one of the worlds largest offshore wind farms located eight miles offshore in Liverpool Bay, off the coast of North Wales (Ben Birchall/PA)

(PA Wire)

It would also bring lots of skills and supply chain opportunities and jobs to the region.

If its approved, as the project is in an early stage at the moment, it could power up to 500,000 homes with green, clean, renewable energy.

Climate change is real, its happening now and we do need to be acting urgently, she added.

Projects like Awel y Mor could help us de-carbonise society and protect it for future generations.

They also have the benefit of helping the UKs security of supply, which is a really important issue at the moment, and help us reduce our reliance on imports whilst also reducing the cost of energy to the consumer.

Awel y Mor would be situated to the west of the existing Gwynt y Mor wind farm and create 1100MW of energy with its grid connection planned to reach the shoreline between Rhyl and Prestatyn.

Ms Rowe said the company had spent three years preparing surveys on sea bed ecology, and on the bird population due to the proposed turbines being larger and having a maximum tip height of 332m.

RWE reduced the number of turbines to address concerns over the visual landscape raised during a public consultation last autumn.

In May, the proposals were accepted for consideration by the UK Planning Inspectorate.

Members of the public will be able to submit their thoughts on the project to the planning body from next month.

The final decision on consent will rest with the UK Secretary of State for Business, Energy and Industrial Strategy, with a decision anticipated in 2023.

The project lies in Welsh waters and therefore a Marine Licence must also be granted by the Welsh Government through Natural Resources Wales whose consultation ends on August 18.

Awel y Mor could help tackle climate change but proposals for larger turbines have led to concerns it will harm the view from Welsh beauty spots (Ben Birchall/PA)

(PA Wire)

If permission was granted, Awel y Mor and Gwynt y Mor combined would have the capacity to power the equivalent of more than one million Welsh homes.

RWE is already the largest provider of renewable energy in Wales and it is now looking at building floating wind farms off the south coast of Wales.

Ms Rowe said: Floating wind opens up whole new geographical areas around the coastline of the United Kingdom and Wales where we can deploy turbines in deeper water.

The Crown Estate has recently announced a leasing round for around four gigawatts of floating turbines in the Celtic Sea, so off the south coast of Wales.

RWE are seeking to develop at least one gigawatt of commercial scale floating in that area.

RWE has already began working with ports in South Wales to help them get ready for the floating turbine industry.

Last month the company struck up a partnership with Tata Steel to explore how components for the high-tech floating wind turbines might be produced by the Port Talbot steelworks.

Read the original here:

Huge new offshore wind farm could power a third of Welsh homes - The Independent