Quest Offshore Wind Turbine Index 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 $10.8 billion of the rise in this month’s addressable market.  This 4GW floating project is expected to include 400 individual turbines, with a projected CaPex/MW of $2.7 million.  

The largest factors contributing to this month’s growth in Offshore Fixed Wind prospects were Ealga Marine Energy Park (720MW – Ireland), Seagreen Bravo Phase I (522.5MW – UK).

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