Clarksons Renewables Offshore Wind Project and Vessels Newsletter
Clarksons Offshore & Renewables
The world’s #1 provider of chartering, logistics & marine advisory services for the offshore wind and energy markets.
WEEK 50 - HIGHLIGHTS
By?David Matthews, Head of Strategy, Clarksons Renewables
US Inflation Reduction Act Supports New 10GW Solar Facility
The US has seen a big win with its Inflation Reduction Act (IRA) with an announced new facility to make 10GW of solar silicon. Prior to the IRA initiative, China had 90% of the silicon global market. The design and location of the facility will be finalised in Q1, 2023 and plans to be up and running in late 2024. Great news for Solar in the US.
?Cold Weather Pushes Power Prices Up
The high weather pressure sitting over Europe the last three weeks has seen temperatures drop and energy demand sore. Low winds have been partially offset by France bringing three reactors back online now generating 40GW per day and are back to exporting power to the UK. Increased power demand has meant electricity prices between €400-€500 Mw whilst increased deliveries of gas have seen gas prices drop 8% to €136/Mwh. Low winds have meant only 1.8Gw generated daily in the UK but high pressure and winds are forecast and should be as high as 8Gw per day next week.
?Netherlands Go Big Offshore
The Dutch government has doubled its planned offshore wind auction to 4Gw in 2023. The change of pace is a result of over reliance on fossil fuels which was sourced from Russia.??
?AKER and Mainstream Target Floating Wind in Norway
After a poor outcome from the US California auction, AKER and Mainstream have now targeted the Norwegian floating wind auction in 2023.??Innovation and technological advancement were highlighted by the Norwegian government as key criteria in the selection process for the floating offshore wind lease area at Utsira Nord, and the move to join forces with an engineering company may help give Mainstream the edge that the company needs when awards for the Utsira Nord are due next year
?Clarksons Research Renewables Highlights
The outlook for the offshore wind industry remains highly positive - Global active offshore wind capacity stood at 57 GW as of start-December, and over the remainder of the decade installed capacity appears set to grow at a CAGR of ~22%, with over 240 GW projected to be online by 2030
?In the year to date, 5.2 GW of offshore wind capacity has come online globally, with 3.7 GW having started up in Europe. Before the end of the year, the 348 MW Kaskasi project off Germany is expected to come online, while 2.1 GW also appears on track to start-up off China. In 2023, 13 GW of offshore wind capacity is projected to come online globally, including 5.3 GW off China (41% of the global total).
?Developers continue to feel cost pressures, although notable FIDs are expected in 2023 - Offshore wind developers raising finance for projects are continuing to face margin pressures as a result of high inflation and rising interest rates. While these cost pressures have weighed somewhat on offshore wind CAPEX commitments this year ($17bn has been committed in the year to date, down 44% y-o-y on an annualised basis), the investment outlook for 2023 appears positive, with several notable FIDs currently expected, including Hornsea Three, East Anglia 3 and Inch Cape off the UK which all secured CfDs in July.
OFFSHORE RENEWABLES NEWS
Taiwan’s Ministry of Economic Affairs (MOEA) has selected ten offshore wind projects, totalling 8.7 GW of potential capacity, in the first auction of the Round 3 Zonal Development Phase.?Six developers were chosen to develop these ten projects: Northland Power and Copenhagen Infrastructure Partners took the greatest share of the capacity, with ~1.8 GW each, while Skyborn Renewables was awarded 1.7GW, Synera Renewable Energy won 1.5 GW, Corio Generation won 1.4 GW and Taiya Renewable picked up an award just above 0.4 GW.
The offshore wind projects are listed as follows:
Projects awarded in the auction are set to come online in 2026 and 2027. The auction is instrumental to Taiwan's offshore wind development plans as the country targets 20.5GW of installed capacity by 2035. Source: Clarksons Securities and offshore WIND
Wind Turbine Maker Vestas hires first Asia-designed Commissioning Service Operations Vessel (CSOV).?Shipbuilder Marco Polo Marine's Taiwan-based subsidiary, PKR Offshore, has signed a contract with Vestas Taiwan Co., Ltd, for the maiden deployment of its new CSOV. The vessel will be the first CSOV to be designed in Asia, according to its owner. Vestas Taiwan will deploy the CSOV for work on offshore wind farms in Taiwan, Japan, and South Korea, over a 3-year period, based on a minimum utilization commitment per year. The vessel is currently under construction at Marco Polo Shipyard in Batam, Indonesia, and will start operations in the Each China Sea by the end of the first quarter 2024. Source: Marco Polo Marine
DEME Offshore has secured a contract to install foundations for the 882 MW Moray West offshore wind farm in Scotland.?The Belgian-listed company will be responsible for the installation of monopile foundations and transition pieces. This marks the first time that XXL monopiles will be installed during the winter, with the campaign set to take place between 2023-2024. Moray West will also be the first time a vibro-hammer is being utilised for the XXL monopiles to overcome weaker soil layers. The DP3 offshore installation vessel “Orion” is set to install the monopiles and the jack-up vessel “Apollo” will be deployed for the installation of transition pieces. According to DEME Offshore, the company will ensure that the installation campaigns in 2023-2024 can be carried out. Source: Clarksons Securities and DEME
?Shell and Eneco win bid to develop 760 MW offshore wind power in the Netherlands at Hollandse Kust (west) VI.?Ecowende, a joint venture of Shell and Eneco, has won the tender to build an offshore wind farm at Hollandse Kust (west) VI. The project will have an installed capacity of approximately 760 MW and will be located approximately 53 kilometres off the Dutch coast from the town of IJmuiden. The new wind farm will be delivered through a joint venture called Ecowende and is due to be operational in 2026. Shell and Eneco have already taken final investment decision for the wind farm. The design of of Ecowende’s wind farm is ‘nature-inclusive’, including a section where wind turbines are widely spaced so that birds can fly between them safely. Furthermore, various piling techniques are used to measure and minimise the impact on marine habitats and marine biodiversity is boosted by placing reef structures on the seabed. Source: Shell
Solstad confirms Normand Jarl sold “outside offshore industry”.?Buyer is understood Australian Government. Delivery is in first quarter and includes walk-to-work equipment already on board. Solstad Offshore will recognize a gain on the sale of about MNOK 420 (USD 43 million) to be reflected in the first-quarter 2023 accounts. The vessel is already in Taiwan on wind-farm work. Source: Solstad and Clarksons
?NOV has been awarded the equipment package and design license contracts for Cadeler’s second jack-up foundation installation vessel.?The unique F-class features a larger main crane capacity when compared to the X-class, which allows it to quickly transition from foundation installation to wind turbine installation operations.?Huismann will design and construct a 3,000+mt Leg Encircling Crane (LEC)?that will be installed on the vessel. This crane enables Cadeler to install foundations and wind turbines for next-generation offshore wind projects. The second F-class vessel is expected to be delivered in the second half of 2026. Source: NOV and Huisman
New catamaran crew transfer vessel (CTV) for Goldsea Marine & Offshore Engineering (Shanghai).?The Incat Crowther 32, designed by Australian naval architect and engineering service firm Incat Crowther, was constructed by AFAI Southern Shipyard in Guangzhou, China. The vessel offers a cargo zone as well as a maximum speed of up to 25 knots. The delivery of the CTV comes after sea trials, which were undertaken recently. The catamaran will now be enrolled in service. It will be able to transport up to 12 technicians and six crew to and from offshore wind assets belonging to Goldsea. Source: Incat Crowther
Contacts
OSLO
Frederik Colban-Andersen?|?Managing Director?
领英推荐
Erik T?nne?|?Managing Director, Market Analysis
Jens Egenberg?| Head of Research Renewables
Anders C. Hagen?| Chartering Walk-2-Work, Subsea
Vegard Volls?ter?| S&P and Newbuilding T&I/CSOV
Espen Bj?rnson?| Chartering Subsea & Wind
HAMBURG
David Matthews?| Head of Strategy Renewables
Rouven C. Willner?| Projects SOV, CSOV
Henning Leverkus?| Chartering CTV, OSS, Tugs & Workboats
Sina Ingber?| Marketing & Projects
COPENHAGEN
Gabriel Andersen?| Principal Consultant Logistics and EPC
?LONDON
Neil Buchan?| Head of APAC Subsea & Wind?
Mikkel Nielsen?| Principal Consultant Logistics & O&M?
ABERDEEN
James Braid?| Divisional Director Logistics, Transport & Installation
Olivier Candeel?| Chartering & Consultant Transport & Installation
Oliver Thompson?| Market Analyst, Transport & Installation
Chris Tweedie?| Chartering Subsea and Offshore
HOUSTON
Jack Fitzgerald?| Broker Jones Act Specialist?
SHANGHAI
Jack Qiu?| Projects Newbuilds and China?
SINGAPORE
Tilly Manley?| Chartering APAC Renewables
Chief Offshore Officer at ABC Maritime AG #offshore #marine #oilandgas #offshorewind
1 年On the ball analysis, as ever David Matthews and Frederik C. Andersen (MICS). Thanks for sharing