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ARTICLE · 23 JUNE 2023

Smooth Sailing – Managing Vessel Risks In Offshore Wind Construction Projects

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In an effort to meet global net zero targets, the offshore wind industry is experiencing rapid advancements in technology, with the size and capacity of wind turbines having increased...

United KingdomReal Estate and Construction
Jonathan Stone
Jonathan Stone
Eliza Collopy
Eliza Collopy
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In an effort to meet global net zero targets, the offshore wind industry is experiencing rapid advancements in technology, with the size and capacity of wind turbines having increased significantly over the last decade.

However, advancements in technology are contributing to a problem that the industry is facing - a lack of vessels that are capable of performing offshore installations. In simple terms, the size of the turbines is increasing faster than the size of the installation vessels. Project owners are currently facing fierce competition for vessels, with the market for monopile foundation and turbine installation vessels capable of installing 10MW+ turbines being particularly tight.

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