OWC Shines on the Global Stage: Featured in the 2024 Global Offshore Wind Report
Introduction: OWC’s Global Recognition
OWC has once again demonstrated its industry leadership by being featured prominently in the highly anticipated 2024 Global Offshore Wind Report by reNEWS, sponsored by LSP Renewables. This achievement reflects our team’s expertise and dedication to advancing the offshore wind sector globally.
What is the 2024 Global Offshore Wind Report?
The 96-page Global Offshore Wind Report provides reNEWS’s 7,500+ paying subscribers with a comprehensive analysis of the world’s key offshore wind markets. It highlights the sector’s recovery after economic challenges while cautioning about structural and policy barriers that could hinder growth.
According to the report, a record-breaking 16GW of offshore wind capacity is expected to be completed globally by the end of 2024, with annual construction exceeding 20GW starting in 2025. For professionals in the offshore wind sector, this report is an essential resource, offering a clear view of current challenges, opportunities, and the future of offshore wind.
OWC’s Contributors: Expertise in Action
The report includes valuable insights from several OWC experts, whose contributions spotlight the depth and breadth of our team’s knowledge. Let us celebrate their efforts:
- Tomasz Kwiatkowski, Country Manager, OWC Poland
- Ana Pirrone, Country Manager, OWC Iberia
- Vasilis Giotas, Country Manager, OWC Greece
- David Wotherspoon, Director of New Geographies
- Damien Pasco, Country Manager, OWC Australia & New Zealand
- Luany Dantas, Country Manager, OWC Brazil
- Miguel Lotero,Expert Advisory, Market Studies, LATAM
- Rene Aagaard, Country Manager, OWC Denmark
Highlights of OWC Contributions
Poland – Tomasz Kwiatkowski
Ripe Conditions for Offshore Wind Development
Poland’s offshore wind sector is primed for growth, driven by robust government support, a clear auction pipeline, and a 33GW capacity potential. Key projects, including Baltica 3 (1GW) and BC Wind (399MW), highlight the country’s strategic development approach. OWC’s Tomasz Kwiatkowski emphasises the importance of local supply chain investments and sustained regulatory momentum. Factories by Vestas and others are advancing local content, reaching up to 50% for some projects. While challenges like global supply competition persist, Poland’s commitment to offshore wind positions it as a key player in the global energy transition.
Spain – Ana Pirrone
Preparing for Spain’s First Offshore Wind Auction
Spain’s first offshore wind auction, expected in 2025, adopts a ‘3-in-1’ model combining seabed leases, grid permits, and CfDs, streamlining development. The government has identified 19 maritime zones supporting 20GW, with plans to deploy 3GW by 2030. OWC’s Ana Pirrone highlights Spain’s strong local supply chain and the expertise of major developers like Ocean Winds and Iberdrola. Floating wind is a focal point due to deep waters. With extensive global experience, OWC is well-positioned to support Spain’s ambition of becoming a leader in floating wind technology.
Greece – Vasilis Giotas
Accelerating Offshore Wind in Greece
OWC is collaborating with HEREMA to develop Greece’s offshore wind strategy, targeting 12.4GW across 25 zones by 2030. Country Manager Vasilis Giotas oversees critical data collection campaigns concluding in 2026, laying the groundwork for auctions beginning in 2027. Designated “acceleration areas” may expedite timelines by two years, complementing grid pre-bookings of 2GW. OWC’s expertise supports Greece in overcoming challenges and aligning with ambitious national energy transition goals.
India – David Wotherspoon
Tackling Offshore Wind Challenges in India
India’s offshore wind target of 37GW by 2030 faces hurdles in auction frameworks, grid infrastructure, and permitting. OWC, led by David Wotherspoon, guides developers through strategic partnerships and supply chain development. Advocacy for streamlined procedures and bankable agreements is crucial to attract international interest. OWC plays a pivotal role in navigating India’s emerging offshore wind landscape.
Australia & New Zealand – Damien Pasco
Supporting Offshore Wind in Australia and New Zealand
Victoria’s first 2GW CfD tender, expected by year-end, marks a significant step for Australia. Meanwhile, New Zealand’s nascent offshore wind market faces route-to-market and permitting challenges. OWC, led by Damien Pasco, provides expertise to navigate these barriers and enable developers to establish strong foundations in both regions.
Brazil – Luany Dantas
Unlocking Offshore Wind Potential Amid Legislative Challenges
With 700GW technical offshore wind potential, Brazil’s progress hinges on the approval of key legislation (PL 576/2021). OWC’s Luany Dantas highlights strong developer interest and synergy with oil majors like Petrobras and Shell. Challenges include vessel shortages and supply chain reliance on imports. OWC supports developers in navigating these complexities, leveraging its expertise in a growing market.
Colombia – Miguel Lotero
Pioneering Offshore Wind Market Development
Colombia’s first offshore wind auction, anticipated in 2025, targets up to 2GW. OWC’s Miguel Lotero highlights progress in regulatory frameworks, including expanded eligibility for oil and gas firms. Challenges such as grid access and off-take mechanisms remain. OWC’s strategic guidance positions Colombia to develop a transparent, competitive offshore wind sector.
Denmark – Rene Aagaard
Overcoming Supply Chain Bottlenecks
Denmark’s 2030 goal of 6GW faces supply chain constraints and delayed hydrogen infrastructure. OWC’s Rene Aagaard underscores the need for developer engagement and strategic planning to mitigate high costs and tight auction timelines. OWC supports developers in optimizing project viability within this competitive market.
OWC in the USA
Canada: Supporting Offshore Wind Growth
Canada’s Bill 49 signals a turning point for offshore wind in Newfoundland and Nova Scotia. OWC provides advisory services for seabed lease auctions while aligning development with Indigenous and local stakeholder input. Its expertise strengthens Canada’s renewable energy landscape, paving the way for sustainable growth.
Senior Leadership Reflections
John MacAskill, Group Growth Director at ABL Group, remarked:
“Our team’s contributions to the 2024 Global Offshore Wind Report reflect the unparalleled expertise and dedication that OWC brings to the industry. This recognition is a testament to the talent and commitment of our people.”
Together, we are shaping the future of offshore wind.
For a deeper dive into the insights shared by our experts or to request full access to the report, please reach out to us via the contact us button below.
Our team will be delighted to assist you.