Recharge’s Trouble at Trollvind Does Equinor’s shelved giant spell storm clouds for floating wind? features the views of Leo Bertels on the current state of the floating offshore wind market. Following Equinor’s decision to moth ball its Trollvind project, fears spread for the health of the flowing marketing more generally. But as Leo says “The discontinuation of the Trollvind project is most likely due to the particular economics of oil & gas decarbonisation projects, for which it is imperative to get turbines in the water quickly due to limited lifetime of offtaker platforms.”
He also added “[For Trollvind] the economics of North Sea oil & gas decarbonisation was always going to be challenging, and Mainstream’s decisions look like part of a general strategic reorientation to focus limited resources on the most advanced projects by exiting crowded markets where progress has been slow.”
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