Seizing opportunities in Asia’s fast-growing offshore wind industry16 June 2021 • 09:00-09:45 BST
14-17 June 2021
Sponsored by
Offshore Energy Webinar Week
Part of
In association with
Panellist documentsPage 2: Tom Whittle, OWC, an AqualisBraemar LOC companyPage 10: Ramesh Namasivayam, AmpelmannPage 17: Tom Manning, CWind TaiwanPage 24: Ferenc Pasztor, Maritime Strategies International
owcltd.comThe Offshore Wind Consultants Photographer: Dock90. Courtesy of Principle Power owcltd.comThe Offshore Wind Consultants Photographer: Dock90. Courtesy of Principle Power
Seizing Opportunities in Asia’s fast-growing
offshore wind industry
Presented by Tom Whittle
Presentation prepared using material from GWEC
Global Offshore Wind Report 2020
22
OWC in APAC
OWC: supporting offshore wind project
developers with project development
services, owners’ engineering and technical
due diligence.
Innosea: supporting technology providers
with feasibility, advisory, analysis,
engineering & design across all marine
renewable sources
Longitude Engineering: supporting EPCI
contractors with independent engineering,
design and analysis of marine operations
and supporting infrastructure and assets
AqualisBraemar LOC: supporting the
insurer and operator with marine assurance
and warranty services
East Point Geo: expert geoconsulting, incl.
data assurance, ground models and
quantitative risk assessments
60
Offices
38
303**
Locations
884*
People
OWC Local
Offices in APAC
• Taiwan
• Japan
• South Korea
• Vietnam
• Australia
33
• Offshore wind expected to surge
to 234 GW total installed capacity
by 2030 (from 36 GW current)
A rapidly expanding industry
0
10
20
30
40
50
60
Cu
mu
lative
In
sta
lled
C
ap
acity (
GW
)
China
Taiwan
South Korea
Japan
Vietnam
Source: GWEC Market Intelligence, June 2020
• A large part will be driven by APAC
market and emergence of Taiwan,
South Korea, Japan and Vietnam
• Asia’s share of global market share
set to increase from 24% to 42% by
2025
44
Japan
• Target of 10 GW by 2030 and 30 – 45 GW by
2040
• Target for Japanese content of 60% by 2040
Source: Toda
Objectives of the vision strategy: • Create an attractive domestic
offshore wind power market• Promote investment and build
up a domestic supply chain• Develop next-generation
technology• Enhance international co-
operation in the Asian market.
1st Auction Phase project Awarded – Goto Floating project
55
South Korea
• Green New Deal – 12GW by 2030
• President Moon Jae-In very public
backing
• 8.2GW – largest offshore wind project
in world announced in Feb 21
Source: Korea Energy Industry Association
Source: Toda
66
Taiwan
Source: UK Department for Trade
Source: De Oude Bibliotheek Academy
• Highly favourable
wind conditions
• Strong Government
Support
• Upgraded Auction
Capacity from 10GW
to 15GW from 2025-
2035
• Strict Localisation
Requirements
77
Other APAC Markets
• China
• Vietnam
• Philippines
• India
• Australia
• New Zealand
owcltd.com© 2012-2021 Offshore Wind Consultants Ltd© 2012-2021 Offshore Wind Consultants Ltd
IntroductionCompany established in 2007
More than 60 motion compensating systems,both for people and cargo, operating worldwide
400 personnel worldwide
Global track-record of approx. 7million transfers
A-type system
13 systems currently operational
>85% Local personnel (onshore and offshore)
Offices in:
- Russia (Sakhalin)
- Brunei
- Singapore
Presence in Asia Pacific
Experiences in TaiwanOpportunities:
• 5.5GW by 2025 and projected another 15GW by 2035
• W2W a staple in Offshore Wind from construction to maintenance
Challenges:
• Taiwan specific rules – which excludes regionaltonnage
•No China made
•Passenger class vessels (if more than 12pax)
• High landing heights and high sea-states
• Operator visas due to COVID
Grand Canyon 2 – A-type – 2020 Project completed
MMA Pride – A-type – 2021 Operating Siem Barracuda - E-type + 7m pedestal –2021 Operating
Bokalift 1 - A-type 15m pedestal – 2021 Mobilising
Experiences of long term operations
• Industry/country specific innovations
• Operations are almost 100% locally run
• 40% of parts locally sourced in Asia L-type – for Brunei – for small crew boats
N-type – for Russia – for icy conditions on ice breaker vessel
Moving forward
• Looking forward to developments in Japan and Korea
• Offshore wind specific – W-type and Cargo functionality
• Bring training to you – VR
W-type – integrated solution for SOVs E-type with cargo lifting capacity up to 5 tonnes VR training – test rig
Offshore Energy Webinar WeekSeizing opportunities in Asia’s fast-
growing offshore wind industry
Tom Manning
CWind Taiwan
2018
A joint venture between CWind and International Ocean Group, CWind Taiwan provides Crew Transfer
Vessels, offshore technicians, construction and O&M services, and training to the Taiwanese offshore wind
farm industry. To date we’ve delivered these services across 10 domestic wind farms, deployed 9 vessels,
and built Taiwan’s first GWO training school.
Together, we are committed to engineering a clean and connected future
Technicians & Engineering
Support
Crew Transfer Vessel Charter
Cable Pull-In
Corrosion Protection
Generator Management
Geophysical & Subsea Survey
Solutions
Power Cable Storage
Offshore Wind Training
Inspections & Maintenance
Cable Installation & Trenching
Marine Coordination
The growth of offshore wind throughout Asia Pacific will provide a range of opportunities for the supply chain, including the provision of CWind’s services.
Cable Termination & Testing
CWind Taiwan Services
Asian Offshore Wind markets (especially Taiwan) lack an existing, skilled workforce, with challenges throughout the supply chain, but particularly for offshore crew and technicians.CWind Taiwan has focused on transferring knowledge and training through our GWO school, immersion training in Europe, and use of in-country experts.
Opportunities in emerging APAC markets to learn from Taiwan and Europe by: Focus on creating “conveyor belt” flows of human resource into the industry Engage the potential workforce early to create career pathways for seafarers
Opportunities from Challenges – Lack of Workforce
Taiwan has had some success supporting domestic fabricators, but neglected companies outside the Govt’s shopping list New markets need to focus on creating internationally-competitive domestic supply chains Greater flexibility for projects from a %-based system ensures “match-fit” companies prosper Opportunities to support long-term employment and innovation in O&M
Opportunities from Challenges – Localising Supply Chain
Emerging markets naturally want to focus on local supply chain development for this new industry. Taiwan has had a clear, somewhat prescriptive, approach to items and services it focuses on promoting local content in.
CWind Taiwan has successfully localised vessels, offshore teams and equipment to ensure we have the ability to support our clients fully in-country.
New Asian markets have significant opportunities for vessel owners, with under-developed local fleets. However the regulatory framework for vessels is also often under-developed, or overtly protectionist.
Alongside building Taiwan’s largest CTV fleet, CWind Taiwan has ensured our vessel management system is aligned with local regulations while maintaining EU standards.
Countries need to create conditions where vessel availability and quality don’t become bottlenecks for construction: As far as possible ensure regulatory alignment with Europe on crewing and vessel operations, e.g. industrial persons Support the build-up of a local fleet by removing prohibitive barriers to ownership and flagging Identify key asset classes and facilitate an Asia-wide market for these
Opportunities from Challenges – Vessel Operations
Seizing opportunities in Asia’s fast-growingoffshore wind industry
Riviera Offshore Energy Webinar Week, 16th July 2021Dr. Ferenc Pasztor
© Maritime Strategies International
Maritime Strategies International - Background
• MSI is an independent consulting firm specialising in model-based forecasting of maritime markets• Granular data on demand and supply, building up to forecasting of vessel earnings and values• MSI also undertakes consultancy projects and provides certificated valuations
Who is MSI?
© Maritime Strategies International 3
Offshore Wind in APAC – It’s Just the Beginning
The trends:
• Ever increasing commitments from governments in the region
• Alliances/JVs of local companies with European energy and EPC companies
• Strong push towards higher local content requirements in most countries of the region
• Floating wind expected to be very strong, with majority in some APAC countries in the long term
• Massive ramp-up of supply chains is coming
© Maritime Strategies International 4
Vessels Needed
Wind farm construction:
• Survey vessel
• Foundation installation vessel
• Wind turbine installation vessel (WTIV)
• Feeder vessel (deck cargo vessel or tug & barge)
• Accommodation vessel (hotel ship or walk-to-work vessel)
• Crew transfer vessel (CTV)
• Cable-lay vessel
• Guard vessel
Operations & Maintenance (O&M):
• Crew transfer vessel (CTV)
• Service operation vessel (SOVs) or walk-to-work vessel (W2W)
• Vessels used for construction (for corrective maintenance)
Note: Vessels purpose-built for renewables in bold
© Maritime Strategies International 5
Vessels Needed – SOV/ W2W Demand for Wind Farm O&M
Walk-to-Work VesselService Operation Vessel
Source: Bibby Marine Services
© Maritime Strategies International 6
Vessels Needed – SOV/ W2W Demand for Wind Farm O&M
© Maritime Strategies International 7
It’s not Just the Ships – Floating Turbine Foundations
Thank You!
24 Southwark Bridge RoadLondon SE1 9HFUnited Kingdom
Tel: +44 (0)207 940 0070
Maritime Strategies International Ltd
8, Shenton Way#13-01, AXA TowerSingapore 068811
Tel: +65 8754 3450
Email: [email protected]
MSI Background and Disclaimer
© Maritime Strategies International
For over 30 years, MSI has developed integrated relationships with a diverse client base of financial institutions, ship owners, shipyards,brokers, investors, insurers and equipment and service providers.
MSI’s expertise covers a broad range of shipping sectors, providing clients with a combination of sector reports, forecasting models, vesselvaluations and bespoke consultancy services.
MSI’s team is comprised of professionals with extensive academic credentials, deep industry knowledge and many years experience ofdelivering successful client projects.
MSI balances analytical power with service flexibility, offering a comprehensive support structure and a sound foundation on which to buildinvestment strategies and monitor/assess exposure to market risks.
While this document has been prepared, and is presented, in good faith, MSI assumes no responsibility for errors of fact, opinion or marketchanges, and cannot be held responsible for any losses incurred or action arising as a result of information contained in this document.
The copyright and other intellectual property rights in data, information or advice contained in this document are and will at all times remainthe property of MSI.
9