Aegir Insights

Auction warm-up: #India's first lease and support auction for offshore wind The Indian government has identified 15 sites across the states of Gujarat and Tamil Nadu as part of the plan to award 37 GW of offshore wind by 2030. The auction pipeline totals 15 GW, while the Indian government is also expecting to allocate 22 GW of capacity through an open-door model towards 2030. In June 2024, the government announced a support allocation of 767 mEUR for its second auction round for offshore wind, which is planned for FY2024-2025 and will include the award of both lease and support for two sites. In Aegir's latest Market Insights report, we analyze how the business cases look after this support announcement, including: 🔹An overview of India's ambitious auction timeline towards 2030. 🔹Evaluation of potential outcomes of the upcoming lease and support auction. 🔹Analysis how budget splits could impact project feasibility between the two sites. Aegir Insights’ clients can access this latest report on the Aegir platform. If you’re interested in learning more, reach out to Senior Market Analyst Simon Engfred Schlichting for the latest insights on India and for more information on Aegir Insights’ offshore wind intelligence offerings. #offshorewind #marketintelligence #analytics #APAC

Reflecting on a transformational first half of 2024 Before going into the summer holiday period, Aegir Insights’ team got together in Copenhagen for our annual Summer Gathering. We visited the Middelgrund offshore wind farm and tested our knowledge with a quiz about this iconic project which has been in operation since 2002. We ended the day with dinner and drinks. Reflecting on the first half of 2024, it has been a busy and transformational year: 🔹The offshore wind industry is still in a time of re-calibration, with costs, markets, and the competitive landscape changing rapidly. But, the fundamentals remain strong. 🔹We welcomed 15 new colleagues who are working hard together with the rest of the team to launch some transformational products this year, which will help clients navigate complexity and efficiency in the offshore wind sector. 🔹We expanded our development partnerships with key industry players, enhancing our efforts to drive innovation value in the offshore wind sector. We wish clients, partners, and friends of Aegir a relaxing summer break. When back and re-energized, we are very excited to see what the second half of 2024 will bring! #offshorewind #summer #team

#France seems to have avoided a far-right government, which is positive for offshore wind in the country France's parliamentary elections saw the left-coalition Nouveau Front Populaire emerging victorious with the largest number of seats, while Macron’s Ensemble coalition received the second most seats. The right-wing Rassemblement National (RN) became the third largest party, but failed to secure the desired absolute majority and is unlikely to be part of the new government coalition. This is good news for the French #offshorewind sector, as it seems to have voided the strong opposition from RN that promised a mortarium of #wind energy during the election campaign. However, the parliament’s new composition also creates uncertainty as negotiations to form a new government are expected to be difficult and could drag out. Interested in getting a comprehensive overview of the French offshore wind market? Aegir Insights’ intelligence products offer thorough coverage and analysis of opportunities, including: 🔹 Auction outlooks 🔹 Cost forecasts 🔹 Announced projects 🔹 Competitors and partnerships and more. Reach out to us here: https://lnkd.in/egxcvDZB or contact Market Analyst Alba Teodoro Pujol for the latest insights on France and stay ahead of your competitors with Aegir Insights’ offshore wind intelligence.

Don't forget to sign up! Join us today at 14:00 CET for our next 15-minute #Wavelength Intelligence Briefing, where Aegir Insights’ Head of Research Maria Holm Bohsen and Business Development Manager Mario Garzón González will dive into Southern Europe’s offshore wind markets and pipeline, and discuss how offshore wind’s future in the region could unfold. Sign up here: https://lnkd.in/djM3YQPr #Europe #offshorewind #marketintelligence #renewableenergy

Will French #offshorewind be dismantled by a right-wing government? The surprise election has shaken electoral landscape in #France, and right-wing Rassemblement National (RN), formerly Front National, is projected by opinion polls to attract a lot of voters. What could a new, right-wing government mean for the French offshore wind sector? Aegir's new Market Insights, published to our clients, gives an overview of the possible implications for offshore wind if France’s parliamentary election results in a right-wing government. 🔹Impact of potential right-wing Government on the French offshore wind sector 🔹Feasibility and barriers to implementing RN's energy policy proposals 🔹Current offshore wind targets and auction pipeline If you are interested in knowing more, reach out to us here: https://lnkd.in/egxcvDZB or contact VP Business Development Matthew Delany to schedule a meeting. #Frenchelection #windenergy #analytics #Europe

Offshore Wind in Southern #Europe: A Snapshot The outcome of France’s latest AO5 floating wind tender has shocked the industry and brought new hope for offshore wind in Southern Europe. But how do the fundamentals for offshore wind compare across different markets in Southern Europe? Which Southern European market could follow France on the commercial-scale floating wind journey, and what’s crucial to unlock the potential in the region? Sign up below for Aegir Insights’ next #Wavelength Intelligence Briefing on 4 July, 14:00 CET, where Head of Research, Maria Holm Bohsen, and Business Development Manager, Mario Garzón González, will dive into Southern Europe’s offshore wind markets and pipeline, and discuss how offshore wind’s future in the region could unfold. https://lnkd.in/djM3YQPr #SouthernEurope #offshorewind #marketintelligence

Can US offshore wind weather a second #Trump term? The American presidential election this November is poised to be pivotal for the growing offshore wind market in the country. The #US market is highly influenced by changing presidents, and last time Donald Trump was president, offshore wind almost stalled. But this time, the sector would be much more developed at the time of take-over. At Aegir Insights, we have recently published a new analysis to our clients on what a second Trump term could mean for the US #offshorewind sector, what actions he could take, and which projects could be impacted the most. Want to get an exclusive glimpse of this analysis? Sign up for our newsletter next week: https://lnkd.in/eevHfy9d #USA #windenergy #renewables #analytics

German lease price results look to have peaked last year. What does that mean for project viability? The results of #Germany's latest dynamic bidding offshore wind auction were published last week after several days of lease bidding. TotalEnergies and EnBW Energie Baden-Württemberg AG won a site each with lease prices totaling about 3 bnEUR and averaging 1.2 mEUR/MW, which is markedly lower than last year’s lease price. The biggest surprise, however, was RWE stepping out of the partnership with TotalEnergies for one of the winning sites. In Aegir Insights’ newly published analysis on the German offshore wind auction, clients can dive into: 🔹Key takeaways from the auction results 🔹Aspects challenging business cases in Germany 🔹Comparison of winning lease prices with previous auctions in Germany and other markets We compare winning lease prices across markets using Aegir Insights’ Lease Price Benchmarking tool, which clients can access on the Aegir platform. If you are interested in knowing more, reach out to us here: https://lnkd.in/egxcvDZB or contact VP Business Development Matthew Delany to schedule a meeting. #offshorewind #Europe #intelligence #bidanalytics #leaseprices

In 2023, the offshore wind industry faced some significant challenges. As we approach 2024’s mid point, where does the industry find itself? Could developments within the offshore wind sector in the first half of the year point towards a light at the end of the tunnel and signal that a potential industry recovery is underway? Aegir Insights’ latest analysis, now available to clients, explores encouraging signals and recovery risks across EMEA, APAC, and the Americas. Our comprehensive report assesses the global status of the offshore wind industry, highlighting key countries and data points using our market recovery barometer. Interested in getting a glimpse of our new analysis? Reach out to us here: https://lnkd.in/egxcvDZB or contact VP Business Development Matthew Delany to arrange a discussion. #offshorewind #windenergy #intelligence #analytics

We were delighted to welcome the Canadian Ambassador to Denmark, The Honourable Dr. Carolyn Bennett, to our office yesterday, along with Richard Grieg Higginson from Invest Alberta. Dr. Bennett’s visit provided a fantastic opportunity to discuss the extensive work we have done at Aegir Insights in supporting the development of #Canada's emerging offshore wind sector, as well as highlighting our recent establishment of a team in Canada for technology development. During the visit, we showcased our advanced geospatial solution, Aegir #GAMMA, demonstrating how it has been used to accelerate site identification and resource strategy in #NovaScotia. With Aegir Insights' Canadian-Danish roots and our recent expansion to Canada, we showcase how important global collaboration is for pushing the #energytransition forward. Our Danish-Canadian cooperation enables us to combine Denmark's leading renewable energy expertise with Canada’s cutting-edge energy analytics and tech capabilities, driving forward innovations in the energy sector. We look forward to continuing this dialogue and building stronger bridges between Canada and Denmark, creating impactful solutions for a greener future. --- At Aegir Insights, we are continuously following the Canadian #offshorewind market in our market intelligence offerings, providing valuable insights and analysis to support decision makers in the offshore wind industry. Reach out to our CEO Scott Urquhart to learn more about our activities in Canada. Natural Resources Canada (NRCan), Marine Renewables Canada, Government of Canada #RenewableEnergy #Sustainability #Innovation #Canada #Denmark #ClimateTech