Race for Japanese Offshore Wind Heats Up

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Researched by Industrial Info Resources (Sugar Land, Texas)--The race for offshore wind in Japan is likely to be heated because of a lack of wind turbine installation vessels (WTIVs).

Only five Japanese companies have their own WTIVs at the moment, and Industrial Info is tracking more than 80 grassroot offshore wind projects planned for the country. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for reports.

After these projects exit the preliminary planning and engineering stages, the race to charter a WTIV to complete a project will grow increasingly competitive, possibly delaying the rollout of some projects.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).