|
"The focus is now shifting to multiple criteria to determine
tender and lease auction outcomes, and the criteria in
individual markets will differ," Chris Seiple, vice chairman for
Energy Transition at Wood Mackenzie said in a statement on
Wednesday.
Cost competitiveness will always remain a central element of
winning in offshore wind, but this has reached its limits as
project returns are dropping amid the entry of new market
players, rising lease payments and lower subsidy payments.
Instead, competitors will also have to consider local content,
or the value a project can bring to a local, regional or
national economy, as well as systems integration, ecological
mitigation and sustainability in future bids, necessitating a
strategic shift and greater cooperation, according to Wood
Mackenzie's head of offshore wind research Soren Lassen.
"I think that it's the companies that are able to set up the
right partnerships when bidding that will benefit the most, but
I don't think it's one company that is going to be better than
everyone else across all tenders and lease auctions," Lassen
told Reuters.
There should be plenty of opportunities, with offshore wind
poised to become one of the key technologies powering the
decarbonisation of the global economy, Wood Mackenzie said.
By 2030, 24 countries will have large-scale offshore wind farms,
up from nine at present, total installed capacity will rise to
330 gigawatt (GW) compared with 34 GW in 2020, and cumulative
global capex spend in the offshore wind sector will hit $1
trillion by 2031, Wood Mackenzie forecast.
(Reporting by Nora Buli; Editing by Aurora Ellis)
[© 2022 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
