Defining the Offshore Wind Support Vessel Market and Simulating Vessel Demand in 2030: Forecasting offshore wind support vessel demand by defining the market drivers and using a factor model and Monte Carlo simulation

With the energy transition taking up speed and strong decarbonisation ambitions offshore wind is becoming a major source of green electricity. European countries are among the leading drivers of the offshore wind expansion on both the wind turbine as well as the vessels side. It is expected that until 2030 170 GW of capacity can be installed,...

An Offshore Port concept to reduce the Construction costs in offshore wind farm projects: By an analyses on the Market developments, Workability and Financial performances

In the 25 years of existence, the offshore wind market has developed on many aspects. Among others, the dimension of the turbines increased by a factor 15 and the distance to shore increased by a factor of 50. The developments of the offshore wind farms increase the requirements for the installation vessels and as a consequence the present day...