The energy transition is complex, and it can be hard to know where to turn for information. If you’re a leader, a decision maker, or someone that has a stake in the future of energy and natural resources, then join us on Horizons, a podcast from Wood Mackenzie that explores the world of tomorrow. We'll explore the themes shaping the energy and natural resources landscape, bringing you crucial insights, new perspectives and bold forecasts.
Offshore wind is poised to become one of the key technologies powering the decarbonisation of the global economy. The technology is proven, and investors and policy makers have confidence in it.
It’s a US$ 1 trillion opportunity – that amount is predicted to flow into offshore wind projects over the next decade. Costs fell 50% between 2015 and 2020 and are expected to fall further. Total installed capacity is likely to increase from 35GW in 2020 to 330 GW in 2030.
Offshore wind is one of the lowest CO2 emitting renewable technologies per KWh, but there are opportunities to reduce this; the environmental impact of the turbines is also an issue to be addressed.
In this episode: we look at why offshore wind provides such an opportunity, the criteria for tenders to be awarded in various markets, and the role offshore wind will play in the energy transition alongside hydrogen and solar.
Host Liz Dennett is joined by Ricardo Rocha from BayWA, Michel Kurstjens from Sif Group, and Horizons report author Søren Lassen - Head of Offshore Wind Research at Wood Mackenzie.
For more information please visit woodmac.com/horizons.
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