Which countries in the Asia-Pacific region are leading the regional supply chain build-out?
The offshore wind supply chain of Asia-Pacific (outside of China) is gaining momentum and set to expand massively as the region gets ready to grow its installed capacity nearly five-fold between 2030 and 2040.
While China currently dominates the production of offshore wind components, the broader Asia-Pacific region is scaling up. Several Asian markets are now actively developing supply hubs to support their first large-scale offshore wind projects.
Especially regional manufacturing for large steel foundation structures, such as jackets, is rapidly expanding in several markets. However, there is also a growing capacity and strong potential for other key offshore wind components, such as monopiles, floaters, nacelles, and offshore substations.
Which markets and suppliers will lead the build-out in Asia-Pacific?
Aegir Insights’ clients have access to a new report on the Aegir Platform analyzing which markets in Asia-Pacific are spearheading the offshore wind supply chain build-out in the region, by looking at manufacturing facilities for jackets, monopiles, nacelles and offshore substations.
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Opportunities in the Asia-Pacific region
There has been significant movement in the Asia-Pacific region, with many markets moving forward with their offshore wind ambitions. The Philippines are gearing up for their first offtake auction for offshore wind, South Korea offers a clear route to market with yearly PPA auctions, and the Japanese government passed a new legislation this year, opening the country's entire EEZ for offshore wind development, further amplifying Northeast Asia's significant potential for floating wind.
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