Germany, Belgium and the Netherlands are GRS‘ „homemarket“. In contrast to our other market reports below where we take a look at the Scandinavian countries as well as at the APAC region, the offshore industry of Germany, Belgium and Netherlands can be considered as part of the matured and leading offshore market industry.
Germany as one leading example has currently approx. 7,6 GW of offshore wind capacity under commercial operation. Such accumulated offshore capacity places Germany 2nd behind the leading European offshore market of the UK which will be analyzed at the later stage as well. In addition to the existing offshore projects and projects within pre- or within construction phase (that would be approx. 0,3GW additional capacity), there are some additional nine projects with a combined capacity of approx 3,7 GW currently under development with even more upcoming capacity in the future as per ongoing and upcoming BSH Tenders.
The Netherlands and Belgium both provide quite similar market shares concerning the accumulated offshore capacity within commercial operation, which is approx. 1,1 GW for the Netherlands and 1,7 GW for Belgium.
However, and as per current forecasts, the Netherlands feature a large project pipeline of upcoming projects that are pre- or within construction phase with a combined capacity of approx. 4,1 GW and some additional 5,4 GW project capacity which is currently within development stage. Therefore and among the European countries, the Netherlands are one of the fastest growing countries with respect to upcoming offshore wind farm capacity.
Belgium with an comparatively smaller sized shore line will add some additional 0,5 GW of new offshore wind farm capacity during the next years to the existing portfolio. At the later stage, upcoming projects that are currently within early development phase may add some additional 2,1 GW of offshore wind capacity.
All aforementioned countries and the further development of the local offshore industries are able to benefit from each other due to the close proximity and well established business relationships between key stakeholders and international companies involved realizing and building offshore projects.
Therefore it is great to see more and more countries like for example Germany recently announced to even further increase the targeted goal of installed offshore wind capacity by 2030 and 2040 respectively which will feature several new business opportunities and the creation of lots of new jobs in the offshore renewables sector.
In the view of the (early stage) development of upcoming projects and the associated tendering and sourcing for marine contractors any type of, GRS would be glad to also support your good company. GRS in the position as independent service provider, specializes in sourcing assets (e.g. Vessels and Equipment) as well as service providing companies for the fulfillment of any type of offshore related operation according Clients requirements.