Pressure mounts on offshore wind operations and maintenance (O&M) as strike prices continue to drop across Europe. MAKE’s latest research note investigates how the underlying conditions for offshore wind O&M will change in the future in tandem with the strike price reductions and the associated implications on offshore wind O&M.
Offshore wind O&M is set to become more challenging as average project sizes will increase and average distance to shore is set to double in 2025 compared to the existing operational fleet. As strike prices continue to drop, the industry is faced with significant challenges for offshore logistics, which in turn will lead to new solutions. Projects will become more clustered with large O&M hubs developed across Europe to leverage scale. Furthermore, as the offshore wind fleet continues to grow and age, so do O&M volumes, which opens the door to larger ISPs in the future.
