Offshore Wind Index CapEx rises $14 Billion
in November 2019
November 2019 QOWTI, which tracks the total addressable market, shows a rise in global turbines to 12,224 from 11,624 in October 2019, which corresponds to a rise in projected MW capacity of 6,171MW to 107,953MW.
Global CapEx rose from $310 billion in October 2019 to $324 billion in November 2019, with Dolphin ERM full scale accounting for…
Quest Offshore Launches Comprehensive Coverage of the Global Offshore Wind Market
Quest Offshore today launches its comprehensive coverage of the global Offshore Wind market and introduces our Fixed Offshore Turbine database.
A Tremendous Opportunity Awaits
Quest sees enormous market potential starting to unfold, specifically increased areas of planned MW density across Asia, Europe and the USA. These are three distinct markets that will ultimately require an expanded global supply chain while near-term projects will need to leverage the existing pool of experience and equipment. Our analysis by supply chain segment shows a Total Addressable Market (TAM) of 10,140 Bottom-Fixed offshore turbine units totaling 89 GW across 160 projects. An analysis of near-to-medium term projects under development, reveals 4,238 Bottom-Fixed substructures representing a total capacity of more than 36 GW.
On a regional level, Europe sees more than half of the planned MW capacity to 2030 with Asia Pacific seeing rapid growth with over 3,300 turbine units identified and a 40% share of global projects led by Taiwan, Vietnam and South Korea. The Americas led by the Northeastern U.S. is expected to deliver over 13 GW of capacity by 2028 from 1,422 turbine units.
Large Scale Commercial Projects Drive Floating Wind
The Global Floating Wind Energy Market & Forecast 2019 – 2031 Report opens with an Economic Perspective of the Industry, then delves into current/planned/possible projects, along with the Total Addressable Market opportunities for each major link on the Supply Chain. The Outlook to 2031 sees upwards of 14 GW installed and extensive detail is provided for all regions. An analysis of the Supply Chain including market shares covers Developers, Turbine Manufacturers, Designers, the Mooring segments, Cabling and Installation activities.
Project of the Month: Hywind Tampen
The Q FWE Project of the Month is Hywind Tampen designed by Equinor.
Hywind Tampen – Data Sheets
Concept of the Month: Hexicon 2
The Q FWE Concept of the Month is Hexicon 2 Designed by Hexicon.
Hexicon 2 Data Sheet