in News Departments > FYI
print the content item

Noting that the company has underwritten a total of 5 GW of offshore wind thus far, GCube says that while clear growth within offshore wind persists, the industry needs to take some extra steps to ensure that wind energy assets are "investment grade" in the long term.

With limited opportunities for debt within the offshore wind capital structure, unknown risks from the power price, regulatory risks, technology risks and the resource fluctuation of wind energy itself, offshore wind poses a number of investor challenges, according to the company. These challenges are further compounded by government pressure to lower the cost base of the industry and continued policy uncertainty.

In order to overcome this future industry investment impasse, GCube says a step change needs to take place in the way that future offshore wind assets are built, managed and valued. This will entail seeking greater levels of collaboration between investors, developers and operators at an earlier stage; ensuring that projects are more effectively geared toward the needs of capital providers and that they can adapt to the regulatory and policy environment.

“It seems obvious, but as new projects continue to come online and as existing technology improves, develops and matures, offshore wind energy still carries a large amount of risk,” comments Jatin Sharma, GCube’s head of offshore wind.



Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934