Frenzy for vessels that support offshore wind operations

A new record was recorded in 2021 in the capacity of offshore wind industry, while the prospects for 2022 are also positive. Investments in new orders for newly built ships to install offshore wind turbines were also at historic highs.

In particular, according to the brokerage firm Clarksons, in 2022, it is predicted that 9.5 GW of offshore wind power will be developed from 1,400 wind turbines, bringing the global total that has been put into full operation, to 60 GW. Our longer-term forecasts, says Steve Gordon, Managing Director, Clarksons Research, indicate that the global offshore wind sector could reach 712 offshore wind farms with more than 29,000 wind turbines and 235 GW of power by 2030, compared to the current, which are 250 wind farms with 10,800 wind turbines, 50.5 GW.

According to Clarksons Research, 2021 was another record year for the offshore wind industry, with start-ups increasing global active capacity by 58% to a record high of 50.5 GW. In 2012, 84 wind farms were added, with a capacity of 18.5 GW and 3,400 wind turbines.

As a result of this development, offshore wind energy amounts to about 0.3% of the total global energy potential and is estimated that, at these rates, it could reach 6-9% by 2050 and produce 4,870 TWh to 5,990 TWh of power.

The purchase of wind turbines is on the rise

At the same time, the Wind Turbine Installation Vessel (WTIV) market continued to evolve, reaching almost 1,100 vessels by the end of 2021. Global WTIV usage averaged 83% throughout the year (6% increase on an annual basis), while strong demand for ships outside China held steady usage above 90% in the second half of the year. Tariffs were affected, with the average daily fare for 3rd generation...

Continue reading on: