Insight
What is driving offshore wind as a North Sea upstream decarbonisation solution?
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Report summary
As power from shore projects face increasing scrutiny and the upstream sector grapples with its emissions reduction targets, is offshore wind the solution? Key takeaways from our analysis include: - A record year for North Sea electrification investment is expected in 2022 - Offshore wind is gaining momentum, as power from shore comes under more scrutiny - Open wind lease rounds in the UK and Norway offer decarbonisation opportunities - But the economics of dedicated offshore wind for decarbonisation are challenged - Decarbonisation through offshore wind is not a silver bullet, but the oil and gas sector can still leverage the transformation growth expected - Hub-led wind solutions make a more attractive proposition
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