The European Environment Agency believes that offshore wind energy capacity in Europe will increase 17 fold between 2010 and 2020 and in developing countries spending is also rising rapidly. But is there really business in this for smaller companies?
In a new FREE independent report, produced by the KARIM project, it is clear that there are a wide range of opportunities for companies to exploit. Three key growth areas are highlighted: firstly the design and manufacture of support vessels to install and service windfarms where there is strong competition with other sectors. Here costs are high as an increasing demand for vessels restricts availability. Secondly for companies already working in the manufacturing sector there are opportunities to diversify into the provision of devices and materials that are urgently needed to overcome technical barriers, such as specialist concrete and new composites. And finally there will continue to be a growth in onshore services as new coastal supply bases develop.
The report looks in detail at supply chain opportunities and highlights case studies of smaller companies already benefiting from the wind sector.
This valuable insight has been drawn from interviews with leading Universities, trade bodies, professional groups, larger manufacturers, supply chain companies and reviews of other public and private sector foresight research.