Offshore wind’s virtuous circle

Giles Hundelby‘s blog on the Shell consortium’s win of Borssele III and IV  is referenced extensively in Offshore Wind Journal’s “Offshore wind’s virtuous circle” article, published on 5 January, 2017.

In the article, David Foxwell praises the analysis as instructive and quotes extensively from the blog. David draws out some of the key messages of the blog including the likely cost savings available to the consortium, the strategic importance winning the bid and what it means for the future of offshore wind.

The rest of the article mentions how 2016 was “in many ways an amazing year for the offshore wind industry”, due to the low winning bids in the Danish and Dutch  auctions, with prices way below previous industry expectations and the fact that several US states are now “pressing ahead for large-scale projects”.

David also mentioned that “Levels of vessel activity in 2017 may not reflect the upturn, but from 2018 onwards demand is expected to grow on the back of large scale projects in the UK and elsewhere. Outside Europe, other countries such as Taiwan, Japan and India are also showing keen interest in offshore wind and will be encouraged by what they see happening to costs in Europe”

You can read the article in full here.

2017-05-12T15:18:20+00:00 06/01/2017|News|