Together for a Greener

Future
Aquaculture and Floating Wind

27th June 2024

Erik A M Henriksen, Vice President, Director Emerging
Markets
DNV has been forecasting the energy transition since 2017

Main publication Regional reports Sector reports

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Trends shaping the Blue Economy in 2050

Geographical Industry Race for space

shifts transitions

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Aquaculture
Ocean Industries
27 June 2024
 What will be the future demand
What are the related trends in
for seafood and how will this be
feed sourcing and seafood trade?
met?

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Seafood diversity
contributes to resilience of food supply

Production from Production from Production from

marine waters marine waters marine waters
Finfish Crustacean Mollusc

56% 72% 98%

135 Mt 17 Mt 24 Mt
Total production Total production from Total production from
from freshwater freshwater and marine freshwater and marine
and marine waters waters waters

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OCEAN’S FUTURE TO 2050: SEAFOOD FORECAST
FINFISH GROWTH
• 2020: 8.3 Mt
• 2050: 23.2 Mt

• Finfish overtakes mollusks as the single

biggest species group, (live weight).

• 12% from onshore facilities using

recirculating aquaculture systems (RAS)
and similar new technologies.
• 7% from offshore structures in open ocean

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OCEAN’S FUTURE TO 2050: SEAFOOD FORECAST
… a few global fin-fish projections

• 2050: Demand 23,2 million tonnes/year

• Assume: 7% supply from offshore
• Results in 6 x OF1/year

each year

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Floating fish farming installations
Operational assets

SalmarAkerOcean OF1
 OI Floating fish farming installation POSMOOR, NYTEK

x 4

Nordlaks - Jostein Albert (Havfarm 1)

Salmar - Aquatraz
 OI Floating fish farming installation POSMOOR NYTEK  OI Floating fish farming installation

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Essentials in global aquaculture development

Animal Welfare Infrastructure

Biodiversity & Certification &
& farm Digital & Cyber
Co-existence ESG
technology

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Floating Wind
Ocean Industries
27 June 2024
FOW technology
– where are we now?
235 MW in operation
Pilots and demonstrators

Fundamental concept of FOW proven 4C: Fully commissioned floating projects

High capacity factor

High costs

Remaining technical and financial risks to be

managed

Equinor: Hywind Tampen

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235 MW in operation

3 12 19 3

DNV ©
3 examples out of the
50-150 concepts and fabrication strategies

offshorewindbiz.com eiffagemetal.com
akersolutions.com

Spar concrete floaters Semi sub steel floaters TLP steel floaters
Aker Stord, Norway Navantia, Spain Eiffage, France

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Technology driving floating wind forward
by reducing LCOE
CAPEX OPEX

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Energy production: Reliability, availability, wind farm layout
‘Standard’ floating wind concepts

Barge Semi-sub Spar TLP

DNV ©
Innovative concepts

Nessie

Fact/title Fact/title
Description can span multiple lines Description can span multiple lines

Source;Wind Catcher

X1wind.com windcatching.com worldwidewind.no

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Disruptive Concepts
• Vertical turbine
• Specifically
designed for
floating application
• Turbine and floater
integrated
• Generator at or
below sea level
(easy access and
COG)
• Enabling offshore
maintenance and
repair/component
replacement

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A huge variety of concepts – searching for the best
compromise

TRL: Technology
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Call for standardization

Industry view: How can investors mitigate their DNV view: Technology readiness of 50 selected
risks in such a fast growing industry? concepts (out of 150 out there..?)

24

DNV © 27 JUNE 2024

Where will the LCOE reduction come from?

Floating Wind: Turning Ambition into Action (dnv.com)

Feedback from 240+ global floating wind experts
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Supply chain is not yet ready – invest and develop!

18 000 42 000 km 60 000 km 90 million

floating turbines array mooring tons of
cables line steel

x1.75

x1.18
x1.1 x1.6 x9000

Material need to meet DNV’s prognosis1 of Huge competition to get access to right size and
270 GW installed capacity by 2050. capabilities of vessels during installation, operation
This equals > 800 floaters per year! 1: DNV ETO 2023 and service – matching the concept chosen!
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Risks in construction: Supply chain capacity

18 000 42 000 km 60 000 km 90 million Mateirals & Labour and Shipyard

floating turbines array mooring tons of Category Total
Suppliers experience Prodcution
cables line steel
UK
France
Norway

Europe
Spain
x1.75 Portugal
Germany
x1.18
x1.1 Italy
x1.6 x9000
Turkey
China

Asia
S. Korea
Japan

Material need to meet DNV’s prognosis1 of DNV analysis of current capacity to single-source
270 GW installed capacity by 2050. floating structures of steel for a 1 GW project
This equals > 800 floaters per year! 1: DNV ETO 2023 in one year (67 structures per year)
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Where do you see the biggest risk in supply chain?

Floating Wind: Turning Ambition into Action (dnv.com)

Feedback from 240+ global floating wind experts
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Industry has still a lot to
figure-out & develop on O&M
Cost Effective O&M
Planned activities: huismanequipment.com

Remote operation, monitoring,

inspection, repair etc.

Major component replacement:

Tow-to-port or In-situ?

windspider.com

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oceannnews.com
Floating wind is complex – both technically and
commercially
• The technical complexity involved should not be underestimated:
• The added complexity of going from bottom-fixed to floating (fatigue, mooring)
• To couple the dynamic thrust from the turbine with a dynamically moving foundation
• Optimized power production (LCOE)
• Uninterrupted power production (energy security)
• Turbine availability
• 20+ years' service life

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The future is emerging!
Thank You for the attention

Erik.Henriksen
Erik.Henriksen@dnv.com
+47 41679213

www.dnv.com

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