Floating wind supply chain strategy
The Challenge
A leading European offshore wind developer sought to establish a comprehensive supply chain strategy for their floating offshore wind project pipeline across five European markets: the UK, France, Spain, Norway, and Sweden. Recognizing the emerging nature of the floating offshore wind sector, the client needed an in-depth analysis to identify key companies, contractors and yards, assess their capabilities, and address scalability challenges, risks, and opportunities specific to this market.
Our Approach
Green Ducklings worked closely with the client to understand their strategic objectives and the specific requirements of floating offshore wind supply chains. Our team developed a tailored approach to explore each market’s supply chain landscape, ensuring that we addressed the unique characteristics and opportunities present in each region.
We also provided insights into scalability, risk management, and the alignment of local suppliers and partners with the client’s project goals. This ensured that the strategy was both practical and comprehensive, addressing immediate project needs while supporting long-term scalability and collaboration.
Excerpt from study:
Methodology
Market Research and Analysis: Conducted a thorough exploration of key companies and yards operating in each target market.
Capability Assessment: Evaluated the potential of these organizations to meet the demands of large-scale floating wind projects, focusing on scalability, technological readiness, and delivery capacity.
Risk and Challenge Identification: Identified potential risks and challenges across the supply chain and developed strategies to mitigate them.
Stakeholder Engagement: Worked directly with potential suppliers and partners to assess their alignment with the client’s objectives and their ability to contribute to project success.
Outcome
The client was able to establish a comprehensive supply chain strategy for their upcoming floating offshore wind projects in Europe. The research and analysis carried out by Green Ducklings enabled the client to identify suitable partners and suppliers across the supply chain – both companies and yards, and to evaluate their capabilities, potential for delivering projects of the scale which was needed.
Additionally, the client was able to recognize potential risks and challenges in the market and come up with relevant mitigations..