Worldwide opportunities in Offshore Wind

Nigg Energy park, Scotland is staging point for the Moray East OWF with 103 foundation jackets arriving from UAE and other places of the world:

Otherwise Nigg Bay is filled with idle drilling rigs:

OHT gets another LOA for their new installation vessel Alfa Lift under construction in China:

More and more of the big boys in shipping wants to get into the Offshore Wind market:

With the ‘big boys’ pouring money into offshore wind you wonder if there is now a similar potential over supply situation happening with what happened with offshore oil and gas, you had investors chasing day rates pouring billions into drill ships etc. that are now being scrapped.

Perhaps they will now do the same with offshore wind, in several years there might be a too many wind-farm installation vessels for the number of wind-farms being built.

Once wind farms have been built they don’t need that many vessels to maintain them.

Possibly, but Offshore wind is a relatively new and growing industry that is developing worldwide. It will take some years before the market is saturated,

True, but apparently wind turbines need quite a lot of maintenance and renewal of blades etc. That will require quite a number of SOVs and some installation vessels, even when fully developed in some areas.

Besides, eventually there will be a decommissioning market, just like we now see in the offshore Oil & Gas Industry.

Jan de Nul is busy all over the world with installation of wind turbines.
The first turbine has been installed for Taiwan Power Company offshore Taiwan:

PS> With 109 wind turbines only in this field, there will be need for quite a few SOVs and CTVs once in operation.

More will be needed with all the other wind farms being constructed off Taiwan.Initially these vessels will be chartered in from foreign companies, but Taiwanese companies are busy ordering but SOVs and CTVs, as well as their first Installation Vessel.
Not necessarily all built in Taiwan, or of Taiwanese design. (See earlier posts)

More “Fire Sale” but this one in a nice of the market were it is a bit unexpected:


Then again, maybe selling something that can easily find a market is smarter than trying to sell something nobody wants.
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The worlds biggest offshore wind farm has ordered the world’s largest wind turbine:
https://www.greentechmedia.com/articles/read/worlds-biggest-wind-farm-will-boast-worlds-largest-installed-turbines#:~:text=The%20world’s%20largest%20planned%20offshore,in%20three%201.2-gigawatt%20phases.
The nacelle has been developed by GE Renewable Energy in St. Nazaire, France and will be installed on the new Dogger Bank wind farm, owned and operated by Equinor and will be completed in 2026, supplying 2.6 GW of power to the UK grid.

Somewhere else I replied that there would NOT be “charging point on every foundation and substation”, which still stands.

But there are plan to have mooring buoys with charging facilities placed around in large wind farm where the SOVs or other vessels can tie up and charge when they are standing by in the field:

PS> That is also a clear indication that Maersk Supply is planning to get more involved in the Offshore Wind industry.

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Installation of the first monopiles for the Hornsea Wind Farm to start next month:


Not a very good time of the year to start any major marine operation in the North Sea. Best of luck to them.

Swire Pacific is getting on the Oslo exchange with their renamed Offshore Wind company:

Yunlin Wind Farm offshore Taiwan is nearing completion. Seaway 7 as main cable contractor brings in Correll Services (CS) has won a contract to provide the termination and testing of the individual submarine composite cables_
https://www.offshorewind.biz/2020/10/08/seaway-7-adds-corell-services-to-yunlin-cables-team/#:~:text=Correll%20Services%20(CS)%20has%20won,business%20unit%20of%20Subsea%207.

The first foundation for the Kincardine project, offshore Scotland has arrived in R’dam for installation of the wind turbine;


The Fjord has gone back to Spain for the next.

But do wind farms make any sense at all?

Apparently offshore wind is still cheaper than nuclear, plus you don’t have the risk of another Fukushima or Chernobyl.

Again, read the article, the most efficient wind farm in the UK’s 2017 results (all the results, not just the price it sold power at):

“ it made a profit before tax of £11 million, but as the notes to the accounts reveal, it also received £11.4 million in subsidies. A further £0.5 million of government grants is being written off each year. In other words, without state support, Kentish Flats would have lost £1 million. Recall that this is the UK’s lowest-cost offshore windfarm.”

That’s not cheap, that’s just stupid. And it didn’t reduce CO2! Why?

Fukushima killed nobody. Chernobyl, a bureaucrat and Soviet stupidity-caused disaster in a poorly designed plant killed more.

“ According to the official, internationally recognised death toll, just 31 people died as an immediate result of Chernobyl while the UN estimates that only 50 deaths can be directly attributed to the disaster. In 2005, it predicted a further 4,000 might eventually die as a result of the radiation exposure.

Are you suggesting we’ve learnt nothing since then?

Ooooh, look over there, unicorns.

Yes, kill all energy subsidies. But you have to kill ALL of them. Who pays? Everyone. Who suffers the most? The poorest and least well off. Answer that!

Regarding offshore wind, when I said “you don’t have the risk of another Fukushima or Chernobyl.” I didn’t necessarily mean only about loss of life, the overall costs to clean up those disasters is frightfully expensive and still increasing.

Offshore wind doesn’t really have any possibility of surprise risk attached to it like nuclear.

No, it just loses money and makes electricity too expensive for the poor … and doesn’t reduce CO2. But let’s do it anyway, shall we?

Read the article about the best, most efficient one. Please answer that! It loses money, all year, every year whilst the oligarchs owning it pocket £11million a year. That’s sensible isn’t it? Answer my criticisms please.