UK offshore wind market update and supply chain opportunities

As the most mature offshore wind market in the world, the United Kingdom represents a significant opportunity for the Norwegian energy supply chain. With longstanding historic cross-boundary agreements and collaboration rooted in oil and gas, the opportunity now presents itself for both countries in the ever-growing offshore wind market. The study presented in this webinar explores exactly where these opportunities are and provides crucial market insights for Norwegian organisations looking to enter and support the United Kingdom offshore wind industry.

There is a continued risk on the pipeline owing to commercial pressures, ongoing grid delays, and supply chain constraints. High capacity annual capacity installation campaigns are however anticipated for 2029 and 2030 for fixed offshore wind and 2033-2034 for floating, in line with projected ScotWind, INTOG and Celtic Sea projects. This suggests tendering opportunities for relevant UK and Norwegian suppliers today and in the latter part of this decade. 32 projects have been identified, expected to reach FID (final investment decision) within the next 36 months.

• The study is funded by the Norwegian Embassy in London.
• Participation is limited to entities with a Norwegian value creation base.