![]() ![]() In 2005, the average offshore turbine had a capacity of 3 megawatts (MW) projects expected to start up in 2022 now have an average turbine size of 6.1 MW. “We identify the heavy-lift vessel segment as the key bottleneck for offshore wind development from the middle of this decade, and the need for next generation vessels may slow the cost reductions expected in offshore wind,” says Alexander Fløtre, Rystad Energy’s Product Manager for Offshore Wind. As technology advances and future-generation wind turbines will get even bigger, the existing fleet of vessels is not likely to have enough capacity to install them. Moreover, there are currently only four vessels capable of handling the next generation of turbines, such as GE’s Haliade-X 12-MW (or 13-MW in boosted mode), which is expected to be commercial in 2021. With more offshore wind projects down the line, Rystad Energy expects installation vessel demand will be four to five times higher than today’s figure by 2030. However, the scale is clearly expected to tip towards an undersupply of installation vessels by the mid-2020s. ![]() On the supply side of the equation, there are currently 32 active turbine installation vessels (five more have been ordered) and 14 dedicated foundation installation vessels (another five have been ordered).įor the past few years, this has effectively resulted in a relatively oversupplied market, especially in Europe. When translating the volume of offshore wind projects into vessel years for installation scopes, we estimate that the demand for foundation and turbine installations in 2020 is approximately 8 and 13 years respectively. The global fleet will be insufficient to meet demand* after 2025, opening room for more specialized vessel orders and other oil and gas heavy lift vessel conversions. The market for vessels capable of installing large offshore wind components is quickly being outpaced by growing demand from the global development pipeline, a Rystad Energy analysis shows. Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |