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THE OFFSHORE WIND INDUSTRY IS FOCUSED ON INNOVATING TO REDUCE COSTS...


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There are some natural synergies between the sectors, which provide a real advantage for subsea companies looking to expand their presence in multiple energy markets. “The offshore wind industry is focused on innovating to reduce costs, giving subsea companies the chance to introduce new technology and products to the industry. Diversifying into renewables provides greater resilience for companies and those who take an early lead will reap the benefits. “The return on investment for renewable projects can be achieved significantly quicker than those in the oil and gas sector, representing a natural, highly profitable diversification strategy. We hope this report, along with the technology roadmaps will help guide companies through the steps required to break into the offshore wind industry, highlighting the entry routes and the opportunities most accessible to the UK supply chain.”


GRASPING THE OPPORTUNITY


Jamie McCallum, Project Engineer at NSRI, has been heavily involved in exploring the opportunities in offshore renewables for UK supply chain companies. He said: “Companies experienced in ROV operations, subsea construction and IRM need to jump into action and adapt their offerings now if they are to meet the needs of the sector and drive long-term growth. The largest opportunity for the UK subsea supply chain is operations and maintenance. “Europe is most definitely leading the way in offshore wind. However, China, Japan and the USA are growing markets, which present a host of opportunities for UK firms over the next five to 10 years.”


NSRI


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HUMBER UPDATE


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