What is driving offshore wind as a North Sea upstream decarbonisation solution?

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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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  • Document

    WM North Sea Electrification Tracker.xlsx

    XLSX 74.00 KB

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    What Is Driving Offshore Wind As A North Sea Upstream Decarbonisation Solution.pdf

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