Ultra-large 35MW offshore wind turbines envisaged in new tender

A new tender is seeking ultra-large 35MW offshore wind turbines, significantly exceeding the recently installed record-breaking 26MW turbine in China. This development signals a rapid advancement in offshore wind technology, with analysts suggesting current sizes are not the upper limit, pointing to ongoing scaling and potential for enhanced project economics within the renewable energy sector.

Analysis

The offshore wind industry is demonstrating an accelerated pace of technological scaling, evidenced by a new tender for 35MW turbines. This development is particularly significant as it follows just weeks after the installation of a record-setting 26MW turbine in China, indicating a rapid and aggressive push towards larger, more powerful units. The analyst commentary, which suggests that even the 26MW size is not the upper limit, reinforces the theme of continuous innovation within the sector. Such a substantial increase in turbine capacity—a nearly 35% jump from the previous record—points to a strategic effort to enhance project economics by maximizing energy output per foundation, which could lower the levelized cost of energy and further improve the competitiveness of offshore wind power.

Key Decisions for Investors

• Investors should consider increasing exposure to the offshore wind sector, particularly to turbine manufacturers and developers best positioned to capitalize on the trend towards ultra-large turbines.
• The rapid scaling to 35MW models will place significant demands on the supply chain; therefore, it is prudent to evaluate investment opportunities in companies providing critical components, such as specialized installation vessels, foundations, and advanced materials.
• Monitor upcoming tender results closely, as the manufacturers who secure contracts for these next-generation turbines are likely to establish a significant competitive advantage and market leadership.