Bigger vessels needed for next-generation offshore turbines

None of the existing wind turbine installation vessels can install next-generation 15+ MW turbines

Rapid advances in offshore wind technology—making turbines bigger and more powerful—are currently outpacing the infrastructure capacity needed to install them, a new report from the Clean Energy Technology service at IHS Markit (NYSE: INFO), a world leader in critical information analytics and solutions warns. Offshore wind annual gross capacity additions are expected to grow sixfold by 2030 due to dramatic cost reductions, advances in technology, favorable policies and ever-increasing national targets, according to the Offshore Wind Turbine Installation Vessels market report. However,... ... More: Official Press Release IHS Markit

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IHS Markit, report, vessel, offshore, installation, wind farm, market, components, MW, turbine, global, WTIV, fleet