A global oversupply of monopiles increases competition and need for data-driven long-term planning of offshore wind foundation suppliers
Monopile suppliers are in a critical situation. Several European manufacturers are scaling up their manufacturing capacity for offshore wind, while Chinese suppliers have entered the global market.
This has created an oversupply in the monopiles market as demand is forecast to remain below available supply, creating fierce competition, only exacerbated by project delays and unsuccessful auctions which have contributed to lower demand, most significantly in the late 2020s.
Global overcapacity in monopile manufacturing is significant, and the coming years will determine which suppliers secure enough project orders to ensure economically feasible factory utilization.
Offshore wind foundation suppliers need to position themselves strategically and with a long-term view using reliable, vetted market data to proactively approach projects in the procurement phase with high likelihood of success.
With Aegir Insights’ integrated data, analytics, and intelligence platform, as well as Quant™ Software, foundation suppliers can leverage advanced tools that support strategic investment decisions and commercial excellence:
- Bankable intelligence to inform investment strategy
- Independent data and insights on developer activity, project timelines, chances of success, and auction dynamics
- Scenario analysis to assess supply-demand risks and uncover commercial opportunities in offshore wind, globally
Reach out to us here to book a walk-through of Aegir Insights’ offerings for foundation suppliers.
Aegir Insights' clients can deep dive into our supply and demand data sets as well as potential bottleneck assessments on the Aegir Platform.
Are we sailing into an over- or under-supply of major components in offshore wind?
Aegir Insights published a new analysis, offering an in-depth supply and demand assessment:
- Global wind turbine manufacturing capacity and demand toward 2035
- Global monopile manufacturing capacity and demand toward 2035
- Supply – demand delta and bottleneck risk assessment
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