On behalf of a floating wind developer, Westwood provided an independent assessment of the Southern European offshore wind market to support an investment decision.
Project Brief
The Client requested an independent assessment of the Southern European offshore wind market with the analysis and insight used to support a potential investment decision.
Project specifics included a review and analysis of:
- Country-specific factors including the ease of doing business in-market, relative to other select countries
- National Offshore Energy and Offshore Wind Policy, including key changes to regulations and permitting milestones
- Current and evolving route to market, covering leasing, support mechanisms and offtake dimensions
- Existing offshore wind pipeline, dissecting by state of progress, developer mix, development solution etc.
- Offshore wind supply chain, segmenting by key equipment and service provision
- Key market risks, outlining critical points of failure as well as mitigants as appropriate
Consulting Sectors: Energy Transition Consulting, Offshore Wind Consulting, Floating Wind Consulting
Westwood Approach
Westwood leveraged its deep domain knowledge of the offshore wind sector, particularly our understanding of the diverse (and evolving) policy and route to market across jurisdictions, enabling us to provide in-depth benchmarking and insight into potential shortfalls and risks of the target market in question.
Our offering is further strengthened by direct sourcing of data from our proprietary WindLogix market intelligence solution, allowing us to have full confidence in providing accurate data-backed insight across commercial and supply chain themes.
With extensive knowledge and tracking of the offshore wind sector, by a dedicated offshore wind team, we were able to provide:
- An analysis of existing port infrastructure and likely suitability to proposed developments and floating wind technologies
- A comparative benchmarking exercise covering National Offshore Wind Policy, development pipeline, supply chain deliverability and route to market aspects, culminating in a comprehensive risk-based assessment
We were also able to leverage our network to gather more insight into the ins and outs of the target market, whilst verifying our analysis and findings. In addition, data from Westwood’s PlatformLogix, helped identify any potential development and supply chain synergies.
Project Outcome
Westwood delivered a final report and presentation that enabled the Client to have a comprehensive review of the target market and more importantly, develop an awareness of key risks that they would potentially be exposed to, should they proceed with an investment.
The Client also appreciated the succinct packaging of key takeaways alongside Westwood’s risk assessment framework, which allowed for greater distribution and digestion by their respective internal stakeholders.
Westwood’s Consulting Project Team
For every energy consulting mandate that Westwood delivers we define key roles to ensure the smooth management and delivery of each project: Engagement Director, Project Manager, Lead Analyst and Market Expert.
David Linden
David provided strategic direction and guidance to the project team and ensured the successful delivery of the mandate. As part of his role, David established a close working relationship with the client to ensure our deliverables provided actionable insight into their proposed investment into the target market.
Michelle Gomez
Michelle managed and worked closely with the project team to ensure the quality and timeliness of output. She also supported client communications during the life of the project. Michelle is experienced in strategic consulting and transaction support engagements throughout the global energy supply chain.
Peter Lloyd-Williams
Peter conducted an in-depth study of the regulatory and commercial landscape of the target country's offshore wind market. His strong domain knowledge in these areas enabled the drawing of comparative insights from both developing and mature offshore wind markets, which allowed for thoughtful and effective benchmarking.
Bahzad Ayoub
Bahzad contributed to the analysis and risking of the offshore wind pipeline in the target market and conducted quality assurance of key outputs. Bahzad has a strong track record delivering analysis to clients with over 15 years’ experience working in research roles for the energy sector and a decade focused on offshore wind.
