Carriers flock to trending wind market – but entry costs exclude many
Several shipping companies are keeping a keen eye on the hot market for wind turbine installation vessels, which is predicted to grow significantly. But the ships are so expensive that the market is not accessible to the average carrier, says analyst. EnergyWatch's sister media, ShippingWatch, paints a picture of the market, the biggest players and their customers.
BY CHRISTIAN CARLSEN & SØREN PICO, SHIPPINGWATCH
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The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.