As governments work towards their climate goals and
traditional sources of energy are replaced by renewable ones,
energy infrastructure is increasingly moving offshore. Offshore
solar and wind projects provide examples of a growing trend, with
other nascent ocean energy technologies quickly emerging. Alongside
power generation, appropriate deepwater transmission infrastructure
will be required to export clean energy across long distances
between countries and continents.
Offshore power generation and transmission will require
long-term, capital-intensive investments in state-of-the-art
infrastructure. This can only be efficiently delivered if there is
both trust and transparency in how projects are regulated and risks
shared – particularly when it comes to the development of
infrastructure beyond areas of national jurisdiction.
