The offshore wind farm sector is expanding quickly, and offshore floating wind farms are becoming increasingly popular to meet the world’s growing need for renewable energy. AGE offers state-of-the-art technology solutions and the unrivalled expertise essential for this green power revolution.
Another alternative to supply for the growing demand for renewable energy is the offshore wind which is a rapidly growing part of the renewable energy sector. Offshore wind is expected to provide up to 10% of the world’s electricity by 2050. Today, it currently provides approximately 7% of global wind power capacity and it is forecasted that offshore wind will expand by more than 380 GW by 2032.
Offshore wind refers to the wind turbines placed in oceans or large lakes to generate electricity from wind. The offshore wind turbines are located away from the coastline, where winds are more powerful respect to land, to convert the kinetic energy into mechanical energy to transform it into electricity by a generator. The electricity generated by offshore wind turbines is transmitted back to land through underwater cables.
Globally, installed offshore wind capacity is increasing as the chart below shows. While the U.S. aims to produce 30 GW energy by 2030, the EU aims to increase its offshore wind capacity up to 100 GW by 2030 and 450 GW by 2050.
Offshore construction is a unique opportunity for investors looking to diversify their portfolio and participate in the growing renewable energy market. Offshore construction allows for the utilization of natural ocean resources such as wind and water currents to generate energy efficiently and sustainably. Additionally, these systems offer a number of attractive investment opportunities and benefits.
Offshore construction systems are larger and more complex than other types of renewable energy systems. This means that the construction and operation of these systems require a larger initial investment and a higher level of technical expertise. However, this also means that the barrier to entry for competitors is higher, which can result in lower competition and a stronger position for investors who invest in offshore construction.
Offshore development services typically involve a team of experts with expertise in engineering, procurement, installation, and maintenance. These services are crucial for energy companies looking to expand their renewable energy generation capacity and take advantage of the natural resources provided by the ocean.
The first step is to conduct a comprehensive site assessment to determine the suitability of the location for energy generation, including the availability of wind or water currents, water depth, and proximity to the shore.
Based on the site assessment, the next step is to design the energy generation system and plan its construction. This typically involves creating detailed engineering drawings and specifications for the installation of wind turbines or underwater turbines.
The procurement and logistics phase involves sourcing materials and equipment, such as wind turbines and underwater turbines, as well as arranging for their transportation and installation.
The installation and commissioning phase involves physically installing the energy generation system in the ocean, connecting it to the grid, and testing it to ensure it is working correctly.
Once the energy generation system is operational, ongoing operations and maintenance are required to ensure it continues to generate energy efficiently and safely. This may include monitoring and fixing equipment issues, conducting regular maintenance, and upgrading components as needed.
