ONYX Insight has been working with offshore asset owners and operators since 2010 and has witnessed firsthand the tremendous progress made by the sector. Yet, despite these achievements, there is still untapped potential that can be deployed today for further operational improvements. This article highlights the best practices learned and how technology can significantly increase value at every stage of the offshore project lifecycle.
The rapid growth of offshore wind power has encountered some turbulence in recent times. The industry has been grappling with the macrotrends of rising interest rates, slow regulatory evolution, and strained supply chains. This has prompted some organisations to either downshift their pace, holding out for more favourable economic conditions, or to become increasingly selective regarding their ventures and targeted regions.
For those who persevere, tapping into the still considerable potential of offshore wind, a common theme is clear: the necessity to drive efficiencies across the whole project lifecycle.
