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What’s next for offshore wind

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on MIT Technology Review or enjoy below:

🗞️ Driving the news: Offshore wind power faces significant challenges with project delays and cancellations due to rising costs and supply chain issues
Despite this, the industry continues to see new developments and technological advancements, raising questions about its future trajectory

🔭 The context: Factors like rising interest rates, high inflation, and supply chain bottlenecks have impacted major projects
Although global economic challenges have affected the industry, China has emerged as a leader in offshore wind capacity

🌍 Why it matters for the planet: Offshore wind is a critical component in reducing greenhouse gas emissions and transitioning to cleaner energy sources, especially given the high coastal population density globally

⏭️ What's next: Although more delays and challenges are expected, signs of progress are apparent, particularly in the US

💬 One quote: "The supply chain in the US for offshore wind is basically in its infancy. It doesn’t really exist," (Chelsea Jean-Michel, a wind analyst at BloombergNEF)

📈 One stat: The average output of offshore wind turbines has increased from around 4 MW a decade ago to nearly 8 MW in 2022, with new models now in the 15 MW range

Click for more news covering the latest on renewables

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