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The 5th edition of the new Douglas-Westwood (DW) World Offshore Wind Market
Forecast provides a ten year view of the sector through to 2022.
The last five years saw global capital expenditure increase significantly,
however DW predict that over the next decade this spending will level off at
approximately €15 billion per year. New global installations are expected to
average just over 3,000MW per year during this period.
The increase in turbine capacity is considered to be one of the key factors for
reducing the cost of energy, and European offshore wind developers will be
specifying larger wind turbines with capacities of 5MW or greater. The size of
the components for these future wind turbines will create unique challenges for
installers, foundation designers and service providers.
As the industry seeks to reduce costs, a new generation of wind turbines
designed around the unique requirements of the offshore environment are being
rolled out with European project developers increasingly choosing to specify
larger models with power outputs of 5 MW or more. The size of the components for
these future wind turbines creates a unique set of challenges for installers,
foundation designers and service providers.
A new manufacturing supply chain focused on the Northern European markets is
slowly developing to meet demand with significant investments being made in
aspects such as port infrastructure and foundation manufacturing capacity. At
the same time, it will be crucial to leverage the experience and additional
supply chain capacity from the offshore oil and gas sector.
The report provides detailed market forecasts through to 2022 and is essential
reading for companies working within the offshore wind sector. The report
Why Offshore Wind – an explanation of the drivers, both macro and micro,
behind the rise of the offshore wind industry. Detail is provided on factors
including energy consumption, emissions, climate change policies and energy
An Offshore Wind Development – essential background information, which takes the
reader through an offshore wind project development from ‘end-to-end’. For each
market segment, technology, costs, key players and case studies are highlighted.
Commercial Insights – an assessment of emerging trends and major constraints on
future development prospects that will impact on your business. Analysis of
industry costs is also provided.
Key Markets – detailed analysis for each major offshore wind market with
information on development to date, relevant policy measures and financial
Market Forecasts – Capex, Opex and installed capacity over the period to 2016 is
presented by country. Gives highly detailed expenditure breakdowns for all key
segments in the offshore wind project lifecycle. Areas covered include number
and type of turbine and foundations, substations, cables, installation vessels
and service vessels.