Heavy Steel Plate Supply Strategy for Offshore Wind
The Challenge
With global supply bottlenecks increasing due to growing demand and limited production capacity, how can developers secure a reliable supply of heavy steel plates (HSP) for their monopile foundations? Green Ducklings was engaged by a major offshore wind developer to address this crucial challenge. The client faced significant risks of supply constraints that could disrupt their production timeline, increase costs, and jeopardize their entire project pipeline.
Our Approach
Green Ducklings developed a multi-faceted strategy, leveraging deep industry expertise and a strong network within the steel sector. The approach focused on identifying supply chain risks, forecasting demand, and exploring strategic solutions to secure both conventional and sustainable steel supplies. By combining data-driven insights, market engagement, and scenario planning, we provided the client with a robust procurement strategy that minimized supply risks while aligning with future sustainability trends.
Methodology
Supply Capacity Analysis
The team collaborated with key European steel suppliers—Dillinger, Dansteel, Voestalpine, and Salzgitter—to evaluate production capacities and uncover potential bottlenecks. Interviews with these suppliers, combined with third-party market data, informed the development of a supply model that assessed risks within the current market.
Demand Forecasting & Scenario Modeling
Using advanced forecasting tools, Green Ducklings projected the client’s heavy steel plate (HSP) requirements based on their project pipeline, anticipated turbine size increases, and growing foundation weights. Scenario modeling revealed moderate to high risks in supply availability, particularly given geopolitical uncertainties. To address these risks, we developed targeted mitigation strategies, enabling the client to prepare for potential supply chain disruptions effectively.
Focus on Green Steel
As sustainability becomes central to offshore wind development, Green Ducklings explored opportunities in green steel production. By analyzing the potential for low-emission steel solutions, we helped the client align long-term procurement strategies with emerging sustainability targets and industry standards.
Utilizing Industry Networks
Leveraging our extensive network within the steel industry, Green Ducklings facilitated direct engagements between the client and leading steel suppliers. These conversations explored partnership opportunities and provided the client with a competitive edge in a constrained market by ensuring early access to production capacity and securing favorable terms.
Outcome
With Green Ducklings’ guidance, the client secured critical supply contracts, significantly mitigating the risk of material shortages that could have delayed their offshore wind projects. By anticipating supply chain shifts and fostering strong relationships with suppliers, the client ensured access to heavy steel plates when needed. Additionally, the client is now well-positioned to incorporate green steel into future projects, aligning their procurement strategy with long-term sustainability goals and market trends.
Green Ducklings combines strategic insight with hands-on industry expertise, empowering clients to navigate complex supply chain challenges. By leveraging an extensive network and delivering data-driven analysis, we enable offshore wind developers to proactively manage risks, secure critical resources, and maintain project momentum. Through this partnership, clients gain the tools and confidence to maintain a competitive edge while supporting their long-term sustainability ambitions in an evolving offshore wind market
