Finance Quarterly – Q4 2023

What impact will the growth of floating wind, energy storage and green hydrogen have on offshore wind globally? This issue of Tamarindo’s digital magazine is an ‘Offshore Technology Special’ that explores technical and financial innovations in offshore wind.

About this report

This edition gives an overview of the technological breakthroughs that are set to reshape offshore wind in the US, Europe and Asia.

In floating wind, we look at the potential for the technology in key markets in Asia, Europe and North America; and discuss the early progress that is being made in South Korea to bring down the levelised cost of energy of power from floating wind farms. We also discuss the biggest challenges to rolling out floating technology for gigawatt-scale projects, and how developers can reduce the risks to enable them to secure project finance at competitive rates.

Meanwhile, we analyse how firms can combine with energy storage and green hydrogen production with offshore wind in the US. We have spoken to experts who discuss how economic turmoil is pushing these technologies down developers’ list of priorities in the short term, but how the proliferation of such hybrid projects in the long term would appear to be inevitable, with Europe taking the lead.

We also have Q&A interviews with experts from GE Vernova, Green Giraffe Advisory and Leidos.

We have spoken to experts including:

  • Christian Carpenter, Vice President of Power Transaction Services, Leidos
  • Michael Giampetro, Vice President of Conventional & Emerging Technologies, Leidos
  • Jérôme Guillet, Founder, SNOW
  • Stirling Habbitts, Director of Business Development & Managing Director of Hydrogen, Source Galileo
  • Sonja Indrebø, Head of Floating Wind, Corio Generation
  • Paul Lavoie, Chief Manufacturing Officer, Connecticut
  • Sian Lloyd Rees, UK Managing Director, Mainstream Renewable Power
  • Clément Mochet, Country Manager France & Head of Mooring Solutions, BlueFloat Energy
  • Gaurav Raniwala, Managing Director & Global Head of Renewables, GE Vernova
  • Udo Schneider, Managing Director, Green Giraffe Advisory
  • Martin Tremblay, Offshore Wind Director – Americas, Wood
  • Curtis VanWalleghem, CEO, Hydrostor

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November 16, 2023