Navigant News

The global wind power industry is expected to install more than 626,800 MW of new capacity over the next decade, said a report.According to a report from Navigant Research, this new capacity represents a market worth more than $92 billion in 2019 and more than $1 trillion over the forecast decade.According to the report, global offshore wind development is expected to experience a 16% compound annual growth rate over a 10-year forecast period.China, Taiwan, and Europe are the leading markets, with the US soon to join when the first large-scale offshore wind plants are commissioned in coming years along the northeast coast of the country.The…

The offshore wind power industry continues to grow at a steady pace - over 69 GW of new offshore wind capacity is expected to be installed between 2018 and 2027, exceeding 100 GW of operating capacity by 2030.According to a new report from Navigant Research, offshore wind will play an increasing role in the broader global energy transition to a more diverse and flexible energy economy.Though less offshore wind is installed annually compared to onshore wind, it remains an abundant clean energy solution for many coastal load centers where a greater proportion of population and energy demand is located.“Offshore wind will play an increasing role in the broader global energy transition to a more diverse and flexible energy economy…

Atlantic Wind Transfers, Blount Boats and Deepwater Wind welcome key U.S. Atlantic Wind Transfers, the commercial wind support services arm of Rhode Island Fast Ferry, joined boat builder Blount Boats and offshore wind developer Deepwater Wind on August 12 for an official Ribbon Cutting ceremony and to tour the first offshore wind farm crew transfer vessel in the U.S currently under construction. The event at the Blount Boats yard in Warren, R.I., brought together local supply chain businesses to celebrate the economic benefits of the Block Island Wind Farm project to U.S. firms.

According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024. “Over the past several years, two market drivers have emerged as dominant forces shaping this market: connecting offshore wind generation to the mainland and reconfiguring or expanding interconnections between states, countries, and regions,” says James McCray, senior research analyst with Navigant Research. “Submarine technologies are helping to address changing electric generation mixes and isolated national grids are also being interconnected for security, balance, and the sale of excess electricity in cross-border exchanges,” James added.

Offshore wind construction in the U.S. Thrustmaster of Texas, a marine propulsion design and manufacturing company in the U.S., is looking to give an edge to U.S. based marine jack-up operators wanting to enter the U.S. offshore wind farm construction and maintenance sector by cutting the cost of entry in half with a unique propulsion system that allows conversion of existing vessels to dynamically positioned work vessels. The United States’ offshore wind market is exploding with opportunity, and current marine construction contracts are being awarded to operators outside the U.S.

The Danish Shipowners’ Association has released the strategic review it commissioned from Navigant Consulting in order to gain a comprehensive insight into the global offshore wind industry. The strategic review maps all active and prospective ships in the offshore wind industry; identifies and profiles all key players in the sector; provides detailed country- level offshore wind 10-year forecasts for all existing and potential offshore wind markets; and delivers a supply versus demand analysis across all major shipping activities which interact with the offshore wind industry.

Siemens and Cape Wind have signed a major contract for the construction of the United States' first utility-scale offshore wind farm situated off the Northeast coast, 20 kilometers offshore of Nantucket, at Horseshoe Shoal in the Nantucket Sound. Installation and commissioning is expected for 2016. Siemens says it will supply Cape Wind with its industry-leading 3.6-megawatt offshore wind turbines, an offshore Electric Service Platform (ESP) and a long-term service agreement. When fully built, Cape Wind will have a capacity of 468 megawatts. The company explains that offshore wind in the U.S.

More than 1,100 new submarine electricity cable systems are planned from 2012 to 2020, according to a new market research report. The small and highly specialized high-voltage submarine cable market is expected to see significant growth in the coming years. National governments and regional organizations are accelerating efforts to build offshore renewable power generation facilities, link remote landmasses, and interconnect their national grids. According to a recent report from Pike Research , a part of Navigant’s Energy Practice, more than 1,100 new submarine electricity cable systems are planned from 2012 to 2020. “The high-voltage submarine market faces significant challenges moving forward,” says senior research director Bob Gohn.