Analysis: Bottleneck for Heavy Lift Vessels Approaching

Wind Industry Profile of

Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar. The market for vessels capable of installing large offshore wind components is quickly being outpaced by growing demand from the global development pipeline, a Rystad Energy analysis shows. The global fleet will be insufficient to meet demand* after 2025, opening room for more specialized vessel orders and other oil and gas heavy lift vessel conversions.

When translating the volume of offshore wind projects into vessel years for installation scopes, we estimate that the demand for foundation and turbine installations in 2020 is approximately 8 and 13 years respectively. On the supply side of the equation, there are currently 32 active turbine installation... ... More: Official Press Release Rystad Energy

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