This year is set to be a landmark year for offshore wind: tender volumes in Europe are due to skyrocket, with close to 5GW being auctioned in Germany, the UK, the Netherlands and probably France, while the US will finally see a first offshore tender that includes a power off-take deal.
Offshore wind is becoming more mainstream, with a wider range of companies getting involved — including oil majors — and, driven by a culture of cost-reduction, is ultimately more competitive than ever.
Construction
