Cumulative global capex spend in the offshore wind sector is expected to hit USD 1 trillion by 2031, but investors will no longer only be competing on price alone, according to a new report by Wood Mackenzie. Offshore wind is poised to become one of the key technologies powering the decarbonisation
Offshore wind will grow from a small base to account for 50 per cent of ocean capital expenditure (capex) in 2050, according to DNV’s Ocean’s Future to 2050 report. Currently, 80 per cent of capex in the Blue Economy is invested in the offshore oil and gas sector, but by 2050 that number will have [
Upwards of 172,000 more people will need to be trained to GWO standards over the next five years to meet the global offshore wind power market demand in line with health and safety standards, a new report has found. These workers will need to be trained to construct, install, operate and maintain th
1,400 GW of offshore wind globally by 2050 is entirely achievable considering the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition, the Ocean Renewable Energy Action Coalition (OREAC) said. OREAC estimates that
Siemens Gamesa has unveiled its 3-year strategic plan, with the L3AD2020 program, which includes a series of measures that will unlock EUR 2 billion of cost reductions.
