MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1122 Thurs; -1.79% Y/Y

MNI BRIEF: Aussie Unemployment Prints Tighter At 4% In May

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1122 THURS VS 7.1133

MNI BRIEF: China To Aid Outdated New-Energy Capacity Clear-out

Australia May Unemployment Rate 4.0%

MNI:AUSTRALIA MAY UNEMPLOYMENT RATE +4%

Local Investors Dump Offshore Bonds, Foreign Inflows Into Local Equities Halted

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Wind Sector Expects 0.5-2GW of EU Floating Wind by 2030

POWER
Homepagemarkets-real-timeBullet

Increased cost due to inflation and “re-focusing” of developing strategies will lead to global floating offshore wind targets not being met, with less than 3GW globally expected to be operational by 2030 and Europe reaching 0.5-2GW by then, according to a survey by Westwood Global Energy Group.

  • The main hurdles to floating offshore wind progress are the lack of standardisation in floating technology, manufacturing capability, and port infrastructure, according to the group.
  • The survey indicated that about 61% of market participants expect EU floating offshore wind capacity to reach 0.5-2GW by 2030, and less than 20% believe capacity will climb to 3-5GW in the same time frame.
  • The survey comes after Norwegian firm Deep Wind Offshore applied to develop its 1.5GW Erik Segersall floating offshore wind farm in Sweden and could increase the capacity to 4.5GW later, the firm said on 28 May.
  • However, the exact operational date of the wind farm is not yet known.

153 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Increased cost due to inflation and “re-focusing” of developing strategies will lead to global floating offshore wind targets not being met, with less than 3GW globally expected to be operational by 2030 and Europe reaching 0.5-2GW by then, according to a survey by Westwood Global Energy Group.

  • The main hurdles to floating offshore wind progress are the lack of standardisation in floating technology, manufacturing capability, and port infrastructure, according to the group.
  • The survey indicated that about 61% of market participants expect EU floating offshore wind capacity to reach 0.5-2GW by 2030, and less than 20% believe capacity will climb to 3-5GW in the same time frame.
  • The survey comes after Norwegian firm Deep Wind Offshore applied to develop its 1.5GW Erik Segersall floating offshore wind farm in Sweden and could increase the capacity to 4.5GW later, the firm said on 28 May.
  • However, the exact operational date of the wind farm is not yet known.