#offshorewinds

[news24-amit]

Offshore Wind Turbines Market Growth: Key Trends and Technology

[rakshasns]

Offshore Wind Energy Market Set to Reach USD 127.95 Billion by 2032, Driven by Renewable Energy Demand

The Offshore Wind Energy Market was valued at USD 43.59 Billion in 2023 and is expected to reach USD 127.95 Billion by 2032, growing at a CAGR of 12.71% over the forecast period 2024-2032.

The offshore wind energy market includes different parts that play a role in generating energy, such as turbines, electrical infrastructure, and substructures. Offshore wind energy is now being seen as a feasible option for countries aiming to achieve their renewable energy goals, allowing for substantial decreases in greenhouse gas emissions compared to traditional fossil fuels.

The market is experiencing growth due to the rising emphasis on renewable energy sources and government efforts to decrease carbon emissions. Offshore wind power is increasingly important in worldwide energy plans, offering a dependable and eco-friendly energy source that also boosts employment and drives economic development. Technological advancements have lowered the cost of offshore wind farms, fueling the demand for offshore wind energy. Furthermore, the improved performance of wind turbines, combined with the incorporation of smart grid technology, is bolstering the feasibility of offshore wind as a competitive energy option.

Segment Analysis

By Components: The turbines segment dominated with a 50% market share in the offshore wind energy market. Turbines are essential for converting wind energy into electrical energy, and advancements in turbine technology, including larger rotor sizes and enhanced design, are increasing energy output and reducing costs.

By Location: The Shallow Water segment held the largest market share in 2023, accounting for approximately 60% of the market. Shallow water installations are easier and cheaper to construct due to the simpler foundation requirements.

By Depth: The 0 to ≤ 30 m depth category dominated the market in 2023, due to the prevalent deployment of wind farms in this range, which offers a balance of accessibility and energy capture. The 50 m depth segment is emerging rapidly, with advancements in floating turbine technologies making offshore wind projects feasible in deeper waters.

By Capacity: The above 5 MW capacity is one of the fastest-growing, being estimated to comprise 40% of the offshore wind energy market in 2032. The fact can be explained by the wind turbine technology devices, which increase the size of the unit and, therefore, will be able to receive more wind.

Regional Analysis

Europe dominated the offshore wind energy market share in 2023 with a major market share, and it is most likely to be the highest growing market during the forecast period due to the increasing investment by the government in renewable energy projects besides the favorable government policies. Moreover, the presence of a wide range of key players in Europe made it possible. At the same time, the European Whistleblowing Institute also supports several research and development activities for offshore wind energy projects to encourage the use of green energy. Also, nowadays the countries in the Europe region are already concentrating on improving their electrical infrastructure which has increased the market for offshore wind energy.

The Asia-Pacific region is likely to grow at a faster CAGR during the forecast period 2024-2032, owing to the adoption of renewable energy in countries such as China, India, and Japan. The offshore wind energy market is also augmented by the increasing government regulations that are helping in the prevention of carbon emissions during the forecast period.

Recent Developments

Date

Development

September 2023

Siemens Gamesa announced the launch of the SG 14-222 DD turbine, designed for deep-water applications.

June 2023

Orsted and BP formed a partnership to develop a major offshore wind project off the coast of New Jersey.

November 2023

The Biden-Harris administration today announced its approval of the Empire Wind offshore wind project – the sixth approval of a commercial-scale offshore wind energy project under President Biden’s leadership.

Future Trends

Offshore Wind Energy Market is expected to grow with an unprecedented demand at a tremendous pace in the upcoming decades, primarily due to the advancements in technologies, such as the uses of floating wind and advanced grid systems. The rising R&D investments will help the production of energy more efficiently, whereas government regulations targeting reduced carbon emissions are likely to motivate the use of such systems. Moreover, the emergence of hybrid energy systems that would combine offshore wind energy with other types of energy and renewables is likely to be beneficial for the improvement of the overall grid, which is further likely to allow for smaller grid failures. The offshore wind energy market is a highly promising one for the rate of the growth of renewables.

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Welcome to the Future of Wind Power: T-Omega Pyramid Floating Turbines!

[newspaper12]

Coastal county and groups sue to overturn federal approval of New Jersey's 1st offshore wind farm - Times of India

OCEAN CITY: The government of New Jersey's southernmost county has joined with environmental and fishing industry groups in suing the federal government in a bid to overturn its approval of the state's first offshore wind energy farm. Cape May County and the groups filed a lawsuit Monday in US District Court against two federal agencies - the National Oceanic and Atmospheric Administration and the Bureau of Ocean Energy Management - seeking to reverse their approval of the Ocean Wind I project. Current plans call for construction of the project in waters off southern New Jersey by the Danish wind power company Orsted. The plaintiffs allege that the two agencies did not follow the requirements of nearly a dozen federal laws in approving the project, which would be built off the coast of Atlantic City and Ocean City - two of the state's top tourism destinations. They also claim the agencies did not adequately consider potential harm to the environment and marine life from offshore wind projects. "To implement a massive new program to generate electrical energy by constructing thousands of turbine towers offshore ... and laying hundreds of miles of high-tension electrical cables undersea, the United States has shortcut the statutory and regulatory requirements that were enacted to protect our nation's environmental and natural resources, its industries, and its people," the suit read. Both agencies declined comment Wednesday. Orsted declined comment on the lawsuit, but said it "remains committed to collaboration with local communities, and will continue working to support New Jersey's clean energy targets and economic development goals by bringing good-paying jobs and local investment to the Garden State." The lawsuit is the latest challenge - legal and otherwise - to the nascent offshore wind industry in the Northeast, which is also facing rising costs and supply chain concerns in addition to political and residential opposition to its projects. In New Jersey alone, there have already been numerous lawsuits filed by and against Orsted over the project, as well as challenges by residents groups to various levels of federal and state approval of the project, which would built 98 wind turbines about 15 miles (24 kilometers) off the shoreline. A tax break New Jersey approved in July for Orsted has heightened opposition to the Orsted proposal and offshore wind in general. Earlier this month the company put up a $100 million guarantee that it will build the project by Dec. 2025. Proposed wind farms in other states have run into financial difficulties as well. Last week, New York regulators denied a request by companies for larger subsidies for offshore wind, solar and other projects. Plaintiffs in the lawsuit include the Clean Ocean Action environmental group; the Garden State Seafood Association; the Greater Wildwood Hotel and Motel Association; Lamonica Fine Foods; Lund's Fisheries, and Surfside Seafood Products. #Coastal #county #groups #sue #overturn #federal #approval #Jerseys #1st #offshore #wind #farm #Times #India Coastal county and groups sue to overturn federal approval of New Jersey's 1st offshore wind farm - Times of India https://static.toiimg.com/thumb/msid-104542608,width-1070,height-580,imgsize-692261,resizemode-75,overlay-toi_sw,pt-32,y_pad-40/photo.jpg Read the full article

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Wind power in the Solway estuary. #solway #solwayfirth #solwaycoast #solwaycoastaonb #maryport #milefortlet21 #allonby #windpower #windturbine #offshorewind #canonm50 (at Milefortlet 21) https://www.instagram.com/p/CpFm0_9jz91/?igshid=NGJjMDIxMWI=

[bumblebeeappletree]

One small twist could revolutionize the offshore wind turbines: making them float. Offshore energy’s major problem is that they can only be built in shallow water, but most of the wind in the world’s coastal regions blow across deep water territory. Can floating wind farms solve this?

Credits:

Reporter: Kai Steinecke

Camera: Henning Goll

Cutter: Frederik Willmann

Editor: Kiyo Dörrer, Michael Trobridge

We're destroying our environment at an alarming rate. But it doesn't need to be this way. Our new channel Planet A explores the shift towards an eco-friendly world — and challenges our ideas about what dealing with climate change means. We look at the big and the small: What we can do and how the system needs to change. Every Friday we'll take a truly global look at how to get us out of this mess.

#Floating #windturbines #offshorewind

Read more:

Offshore Wind Outlook by the International Energy Agency: https://iea.blob.core.windows.net/ass...

Potential Environmental Impacts of Floating Offshore:

https://www.sciencedirect.com/science...

LCA of Floating Wind Turbine:

https://tethys.pnnl.gov/sites/default...

Floating Paper by GWEC:

https://gwec.net/wp-content/uploads/2...

Cost Prediction of Floating:

https://www.dnv.com/news/floating-win...

Chapters:

0:00 Introduction

0:30 What are Floating Wind Turbines?

02:15 Stabilization

4:19 Global Potential

5:35 Drawbacks

8.26 Conclusion

[lovelypol]

"Strategic Insights into the Offshore Support Vessel Market: 2024-2033"

Offshore support vessels are integral to the maritime and energy sectors, providing essential services and logistical support for offshore operations such as oil and gas extraction, renewable energy projects, and deep-sea research. These versatile vessels are equipped with advanced technology and specialized equipment designed to handle a range of tasks, including cargo transport, personnel transfer, and emergency response.

Download PDF Sample Report@https://www.globalinsightservices.com/request-sample/GIS20565/?utm_source=SnehaPatil-Article

With the expansion of offshore activities and the growing focus on sustainable energy sources, such as offshore wind farms and floating solar platforms, the demand for cutting-edge support vessels has surged. Innovations in vessel design and technology, including dynamic positioning systems and enhanced cargo handling capabilities, are driving improvements in efficiency and safety. Offshore support vessels play a crucial role in ensuring the smooth operation of offshore facilities, enabling the safe and reliable delivery of resources and services in some of the most challenging environments. As the offshore industry continues to evolve, these vessels will remain vital in supporting the development of new energy frontiers and advancing maritime capabilities.

#OffshoreSupportVessel #MaritimeIndustry #EnergySupport #OilAndGas #RenewableEnergy #OffshoreWind #DynamicPositioning #MarineLogistics #VesselTechnology #DeepSeaResearch #CargoTransport #PersonnelTransfer #OffshoreOperations #SustainableEnergy #EnergyInfrastructur

Safeguarding the Workforce: The Evolution of Occupational Health

Gis2030

July 23, 2024

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comment

Occupational health is evolving into a crucial component of modern workplace management, focusing on the well-being and safety of employees across various industries.

Download PDF Sample Report@https://www.globalinsightservices.com/request-sample/GIS26714/?utm_source=SnehaPatil-Article

This field encompasses a wide range of practices designed to prevent work-related injuries and illnesses, ensure compliance with health and safety regulations, and promote overall worker health. With advancements in technology, occupational health now integrates innovative solutions such as real-time health monitoring, ergonomic assessments, and mental health support, creating healthier and more productive work environments. Emphasis on preventive measures, such as regular health screenings and wellness programs, helps in early detection of potential health issues, reducing absenteeism and boosting employee morale. The rise of remote and hybrid work models has also highlighted the need for new strategies in managing occupational health, including addressing the challenges of remote ergonomics and digital health. As companies increasingly recognize the link between employee health and organizational success, occupational health practices are becoming more comprehensive and data-driven, ensuring that workplaces not only meet regulatory standards but also foster a culture of wellness and safety.

#OccupationalHealth #WorkplaceWellness #EmployeeSafety #HealthAndSafety #PreventiveCare #Ergonomics #MentalHealthAtWork #HealthScreenings #RemoteWorkHealth #DigitalHealth #WorkplaceProductivity #InjuryPrevention #HealthPrograms #WorkplaceCulture #SafetyStandards

The Future of Energy Management: Smart Meters Leading the Way

Gis2030

July 12, 2024

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comment

Smart Meters are revolutionizing the way we manage energy consumption, offering a plethora of benefits that cater to both consumers and utility providers. These devices provide real-time data on energy usage, enabling users to monitor and adjust their consumption habits to save on utility bills and reduce their carbon footprint.

For utility companies, smart meters streamline the billing process, enhance grid management, and improve outage detection and response times. As part of the broader smart grid technology, smart meters contribute to more efficient and reliable energy distribution, integrating seamlessly with renewable energy sources. With advancements in IoT and AI, smart meters are becoming more sophisticated, offering predictive analytics and personalized insights for users. This technology is pivotal in the transition towards a more sustainable and resilient energy infrastructure. The growing adoption of smart meters is driven by the need for energy efficiency, regulatory mandates, and the increasing awareness of environmental sustainability. As a key component of the smart home ecosystem, smart meters are also enhancing home automation, providing seamless integration with other smart devices for optimized energy management.

#SmartMeters #EnergyManagement #IoT #SmartGrid #Sustainability #EnergyEfficiency #RealTimeData #SmartHome #RenewableEnergy #PredictiveAnalytics #HomeAutomation #UtilityBilling #GridManagement #EnergyConsumption #AI #TechnologyInnovation #GreenEnergy #SmartTechnology #SmartEnergy #EcoFriendly

[gis56]

"Charting the Course: Offshore Wind Market Evolution 2024-2033"

Offshore wind energy is revolutionizing the renewable energy landscape, promising to deliver a sustainable and bountiful source of power for the future. As the demand for clean energy surges, the vast, untapped potential of offshore wind farms is garnering significant attention from governments, investors, and environmentalists alike.

Situated far from the shores, these colossal turbines harness the relentless winds of the open sea, generating electricity with minimal environmental impact. The advancements in technology have made offshore wind projects more feasible and cost-effective, leading to an exponential growth in installations worldwide. With the ability to generate more power than their onshore counterparts, offshore wind farms are set to play a crucial role in achieving global energy targets and combating climate change. The synergistic combination of floating wind turbines and smart grid technologies is expected to optimize energy production and distribution, making offshore wind a cornerstone of the green energy transition. As we look to the horizon, the promise of a cleaner, greener future powered by offshore wind is more attainable than ever before.

#RenewableEnergy #GreenEnergy #ClimateAction #OffshoreWind #SustainableFuture #WindPower #CleanEnergy #EcoFriendly #GreenTech #EnergyTransition #WindTurbines #FutureEnergy #Sustainability #BlueEconomy #EnvironmentalImpact #SmartGrid #EnergyRevolution #TechInnovation #FloatingTurbines #RenewableRevolution

[tbrc34]

Floating Wind Power Market 2024-2033: Harnessing Offshore Winds for Renewable Energy

Floating wind power is making waves in the renewable energy sector, offering a groundbreaking solution to harness the immense potential of offshore wind resources. Unlike traditional fixed-bottom turbines, floating wind turbines are anchored to the seabed with mooring lines, allowing them to be placed in deeper waters where wind speeds are higher and more consistent.

This innovative technology opens up vast areas of the ocean for wind energy development, significantly increasing the capacity for clean power generation. Floating wind farms can be located far from shore, minimizing visual and environmental impacts while providing a steady, reliable source of energy. As advancements in materials and engineering drive down costs, floating wind power is becoming increasingly viable and competitive. With major projects underway globally, this cutting-edge approach is set to play a pivotal role in the transition to a sustainable energy future, reducing carbon emissions and supporting the fight against climate change.

#FloatingWindPower #RenewableEnergy #CleanEnergy #OffshoreWind #SustainableTech #GreenEnergy #WindTurbines #TechInnovation #EnergyRevolution #MarineEnergy #EcoFriendly #FutureEnergy #WindFarm #SustainableFuture #CarbonReduction #GreenTech #ClimateAction #EnergyTransition #InnovativeTech #SustainableDevelopment

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[christinamac1]

Campaigners deeply concerned at Dr Thérèse Coffey's support for Bradwell new nuclear power

A CAMPAIGNER group opposing new nuclear power in Bradwell-on-Sea said theyare “deeply concerned” following comments made by an MP. According tothe Blackwater Against New Nuclear Group (BANNG), former deputy primeminister Dr Thérèse Coffey showed support for Bradwell as a “logical”landfall site for a substation and converter linking East Anglian offshorewind farms to the on-land national grid.…

[laocommunity]

Harnessing the Power of the Sea: Norway's New Startup Program Paves the Way for Offshore Wind Growth

Harnessing the Power of the Sea: Norway's New Startup Program Paves the Way for Offshore Wind Growth Harnessing the Power of the Sea: Norway's New Startup Program Paves the Way for Offshore Wind Growth Norway is no stranger to offshore wind power, with over 200 offshore wind turbines already in operation. However, the country's new startup program aims to take things to the next level. Through investing in innovative offshore wind technologies, the program plans to accelerate the growth of offshore wind in Norway and across the world. The Startup Program What is Norway's new startup program? The Norwegian government has recently launched a new startup program, which focuses on offshore wind technology. The objective of the program is to attract innovative international startups and accelerate the growth of offshore wind power in Norway. This is in line with the country's overall goal of increasing renewable energy production, reducing carbon emissions, and becoming a leader in the offshore wind sector. The Benefits of Offshore Wind Power Why is offshore wind power important? Offshore wind power has numerous benefits, including environmental, social, and economic benefits. It is a clean and renewable energy source, which means it does not contribute to greenhouse gas emissions or air pollution. Furthermore, it is a reliable and predictable energy source, providing a stable source of electricity. Finally, offshore wind power has the potential to create jobs, drive economic growth, and generate income for local communities. Innovative Offshore Wind Technologies What innovative offshore wind technologies is Norway focusing on? Norway's startup program is focused on investing in innovative offshore wind technologies that can help accelerate the growth of the offshore wind sector. Some of the technologies that are being explored include floating offshore wind turbines, offshore wind farms, and energy storage solutions. Floating offshore wind turbines are a promising technology that can be installed in deeper waters where fixed foundation turbines are not feasible. By using floating turbines, developers can access stronger and more consistent winds, ultimately generating more electricity. Offshore wind farms are also being developed using advanced technology that can harness wind power and reduce costs. This technology includes innovative turbine design, enhanced systems for monitoring weather conditions, and optimized foundation structures. Finally, energy storage solutions are being developed to better manage the intermittent nature of wind power. These technologies include flow batteries, compressed air energy storage, and thermal energy storage. By storing excess energy during times of high wind conditions and releasing it during times of low wind, energy storage solutions can increase the reliability of offshore wind power. Summary Norway's new startup program is a promising development in the offshore wind sector. By investing in innovative offshore wind technologies, the program can help accelerate the growth of offshore wind globally. Offshore wind power has significant benefits, including environmental, social, and economic benefits. Through the implementation of innovative technologies, offshore wind power has the potential to become an essential part of the transition to renewable energy. #OffshoreWind #RenewableEnergy #NorwayWindPower #InnovativeTech #EnergyStorage #NorwayStartupProgram #NEWS Read the full article

[newspaper12]

Coastal county and groups sue to overturn federal approval of New Jersey's 1st offshore wind farm - Times of India

OCEAN CITY: The government of New Jersey's southernmost county has joined with environmental and fishing industry groups in suing the federal government in a bid to overturn its approval of the state's first offshore wind energy farm. Cape May County and the groups filed a lawsuit Monday in US District Court against two federal agencies - the National Oceanic and Atmospheric Administration and the Bureau of Ocean Energy Management - seeking to reverse their approval of the Ocean Wind I project. Current plans call for construction of the project in waters off southern New Jersey by the Danish wind power company Orsted. The plaintiffs allege that the two agencies did not follow the requirements of nearly a dozen federal laws in approving the project, which would be built off the coast of Atlantic City and Ocean City - two of the state's top tourism destinations. They also claim the agencies did not adequately consider potential harm to the environment and marine life from offshore wind projects. "To implement a massive new program to generate electrical energy by constructing thousands of turbine towers offshore ... and laying hundreds of miles of high-tension electrical cables undersea, the United States has shortcut the statutory and regulatory requirements that were enacted to protect our nation's environmental and natural resources, its industries, and its people," the suit read. Both agencies declined comment Wednesday. Orsted declined comment on the lawsuit, but said it "remains committed to collaboration with local communities, and will continue working to support New Jersey's clean energy targets and economic development goals by bringing good-paying jobs and local investment to the Garden State." The lawsuit is the latest challenge - legal and otherwise - to the nascent offshore wind industry in the Northeast, which is also facing rising costs and supply chain concerns in addition to political and residential opposition to its projects. In New Jersey alone, there have already been numerous lawsuits filed by and against Orsted over the project, as well as challenges by residents groups to various levels of federal and state approval of the project, which would built 98 wind turbines about 15 miles (24 kilometers) off the shoreline. A tax break New Jersey approved in July for Orsted has heightened opposition to the Orsted proposal and offshore wind in general. Earlier this month the company put up a $100 million guarantee that it will build the project by Dec. 2025. Proposed wind farms in other states have run into financial difficulties as well. Last week, New York regulators denied a request by companies for larger subsidies for offshore wind, solar and other projects. Plaintiffs in the lawsuit include the Clean Ocean Action environmental group; the Garden State Seafood Association; the Greater Wildwood Hotel and Motel Association; Lamonica Fine Foods; Lund's Fisheries, and Surfside Seafood Products. #Coastal #county #groups #sue #overturn #federal #approval #Jerseys #1st #offshore #wind #farm #Times #India Coastal county and groups sue to overturn federal approval of New Jersey's 1st offshore wind farm - Times of India https://static.toiimg.com/thumb/msid-104542608,width-1070,height-580,imgsize-692261,resizemode-75,overlay-toi_sw,pt-32,y_pad-40/photo.jpg Read the full article

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Participants needed for online survey! Topic: "Public perception of offshore windfarms in Ireland" https://t.co/NAi9FgRVXB via @SurveyCircle #ucddublin #OffshoreWind #RenewableEnergy #perception #PublicOpinion #aesthetic #energy https://t.co/On3OdrK1UL

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