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BREAKING INTO THE OFFSHORE WIND MARKET
A new report from NSRI (National Subsea Research Initiative) has identified operations & maintenance (O&M) – particularly inspection, repair and maintenance (IRM) activities – as the highest potential area for subsea companies to diversify into offshore wind.
The two organisations hosted an event recently to provide advice and support on market entry requirements, diversification strategies and the associated challenges. The event also welcomed companies with experience in the offshore wind industry to provide an insight into the market challenges and barriers. These included a need to prove cost competitiveness or reduction and a proactive, innovative approach that does not dictate other industry methods.
O&M REQUIREMENTS Gordon Drummond
Titled ‘Subsea Technological Challenges in Offshore Wind’, the report highlights opportunities the offshore wind industry holds for UK subsea companies, with a technology roadmap outlining the way ahead with industry-driven objectives.
ENCOURAGING DIVERSIFICATION
With global offshore wind expenditure forecast to reach £210billion over the next ten years, NSRI and Offshore Renewable Energy (ORE) Catapult joined forces in a bid to encourage diversification.
Around 40 percent of the typical lifecycle costs of offshore windfarm developments come from O&M requirements. Based on UK Government projections for offshore wind deployment, the O&M costs for more than 5,500 turbines could be worth £2billion per annum by 2025. Given the UK industry’s existing IRM capability, companies could break into the offshore wind market by offering individual services such as automated inspection, cable scour inspection, condition monitoring, remote monitoring, increased turbine access and risk based inspection. In time, these services could be bundled to deliver a full life-of-field offering. It’s also believed that diverless solutions will
be of growing interest as offshore wind developments move further offshore into deeper waters.
TECHNOLOGY ROADMAP
The ideas generated from the workshop have allowed NSRI to create a technology roadmap. These ideas have been grouped using an adopt, adapt, develop and collaborate principle, setting out the short, medium and long term activities that will help progress the development of subsea technology for widespread use in the offshore wind sector. The report also highlights opportunities for operators, developers, academia and the wider industry to work together to break down barriers and bring about positive change.
EXCITING NEW BUSINESS OPPORTUNITIES
Commenting on the report, Dr Gordon Drummond, project director of NSRI said: “Offshore renewables is a growing market which presents exciting new business opportunities for the UK supply chain. While fossil fuels are expected to continue dominating the global energy supply mix, renewables are taking off at an incredible rate.
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