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Methodology ow study_mec_intelligence
1. Background: Offshore Wind Foundations Insight Report
Scope by Technology
Offshore wind foundations are a rapidly growing industry with a number of technologies and designs in the market.
The report provides a comprehensive analysis on the penetration and cost erosion of foundation technologies by
considering all the types of key foundation technologies – gravity, monopile, jacket, floating, and other emerging
technologies along with the various designs for these technologies.
Geographic Focus
The study is a “bottom-up” analysis of the development and requirements of offshore wind installations across the
globe. The installation plans for Europe, Asia, North America, and Rest of Worldare analysed on a stand-alone basis.
These individual plans are compiled to provide the aggregated global projections of the market size by 2020.
Process of Forecast (Overview)
The forecast is based on a mix of desktop analysis using the:
o Compilation of the current and announced plans for installation of offshore wind turbines by various
industry stakeholders and government
o Study of depth of sea-bed in various regions
o A large number of telephone interviews with various players in the value chain to understand their
plans and to build models of cost erosion.
MEC Intelligence calculated the currently announced capacity for offshore wind installations and the depth at
which the installations will take place.
The current technologies of offshore wind foundations were benchmarked to identify the most suitable
technologies for the installations of the required turbinesat the relevant depth.
For these technologies cost erosion model was developed by considering the demand for their installations
and strategies of industry players.
This information was then used project the adoption of various foundation technologies based on the
economic feasibility of adopting the designs.
Key Risk Factors to Forecasts
The cost projections in the report are based on the current announced plans of the government and industry
players. Thus, the forecasts are at a risk from the changes in the plans of the government.
Substantial increase in the input costs of labour, steel and other raw materials can affect the projections as
they are based on the normal inflation rates.
About MEC Intelligence(www.mecintelligence.com)
MEC Intelligence is a leading market insight firm focused on growth in the maritime, energy, and cleantech sectors.
The company brings together its unique data assets, deep experience in supporting strategic and market business
development, and broad industry knowledgeto develop objective perspective on industry developments;and identify
growth opportunities for the entire maritime, energy, and cleantech ecosystem.
For any queries please contact: reports@mecintelligence.com;
Web: http://www.mecintelligence.com/index.php?page=research-reports