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Offshore Wind

While offshore wind investment is needed for the energy transition, it is still in its infancy, writes Joel Kranc, leaving investors to assess cost versus return potential.
Floating wind turbine installed 4 km offshore of Agucadoura, Povoa de Varzim, Portugal in October 2011. Was the first offshore wind turbine deployed without the use of any offshore heavy lift vessels. Additionaly this is the first offshore wind turbine instaled in the Atlantic waters and make use of a semi-submersible type floating foundation.
Floating offshore wind is tried and tested, with early movers telling us this is an asset class that will go far, stay afloat, and pay off.
Solar and wind power
HSBC AM’s energy transition team, which it took on when acquiring Green Transition Partners in January 2023, has invested in Tekoma Energy.
Offshore wind farm
Lowering the maximum potential strike price has so far helped spur investment and reduce costs, but in the current macro environment, this ceiling might put developers in a tight spot, FTI Consulting’s Julio Dal Poz argues.
An ‘unprecedented tailwind’ for renewables has driven CIP’s fundraising, with a final close expected in Q2 2024.
From the energy transition to the attractiveness of infrastructure debt to technological advances, our Seoul and Tokyo events had plenty of topics to explore both on- and off-stage. Below is a snapshot of what we heard.
The impact on generation efficiency and the environment when more offshore turbines are clustered ever closer together in a changing climate is not clear.
Offshore wind farm
Vineyard Wind 1, set to deliver power later this year, will be the first commercial-scale offshore wind project in the US. It has laid the groundwork for further industry investment.
Latin America map
Wind capacity has been growing steadily in the region, but a confluence of factors could soon spur an offshore boom.
Offshore wind will be an important part of the future energy landscape, but investors may be mispricing the risk in these projects.

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