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Offshore Wind in Crisis! What Can We Learn?

In the quest for clean energy, offshore wind stands out – not just for its towering turbines which are already as tall as the Eiffel tower and set to grow further, but offshore wind also stands out for its surprising economics. Despite being about twice as expensive as its onshore counterpart, offshore wind is riding a wave of rapid global expansion. What drives this surge in investment towards seemingly pricier energy? In this video we’ll navigate the depths of offshore wind. We'll uncover the innovations making these titanic turbines possible, explore why their energy is more prized, and dive into the tumultuous waters of 2023 that nearly capsized the industry. Can offshore wind chart a course towards a more sustainable horizon? Let's set sail to find out. If you would like to help develop the Engineering with Rosie channel, you could consider joining the Patreon community, where there is a chat community (and Patreon-only Discord server) about topics covered in the videos and suggestions for future videos and production quality improvements.   / engineeringwithrosie   Or for a one-off contribution you can support by buying a coffee ☕️ here — https://www.buymeacoffee.com/engwithr... Follow us for more short videos:   / engwithrosie     / engineeringwithrosie   Bookmarks: 00:00 Intro 00:54 How do turbines need to be changed to suit offshore environment? 01:24 Different types of support structure for offshore environment 03:39 Size 04:58 Corrosion 05:29 Reliability 06:05 Advantages & Cost Offshore Wind 07:13 Levelized Cost of Electricity (LCOE) of Offshore Wind 08:09 Offshore Wind in Denmark 09:27 Non-financial benefits of Offshore Wind 10:39 Value of Offshore Wind - Complementary Generation Profiles 11:21 Matching Generation with Demand 11:43 Offshore Wind in New York 12:08 Offshore Wind in Western Australia 12:51 Offshore Wind Crisis Sources: For data, images & graphs https://www.sarens.com/about/news/win... https://www.maritimejournal.com/indus... https://turbines.dk/ https://ember-climate.org/insights/re... https://www.renewableuk.com/page/UKWE... https://www.ukri.org/news-and-events/... https://www.reuters.com/business/ener.... https://www.linkedin.com/posts/aegir-... https://www.wbur.org/news/2023/10/05/... https://www.bloomberg.com/news/articl... https://www.politico.com/news/2023/10... https://www.energyvoice.com/renewable... https://www.nsenergybusiness.com/feat... Journals and Scientific Papers https://www.lazard.com/research-insig... https://www.researchgate.net/publicat... https://www.mdpi.com/2071-1050/10/6/2.... https://www.researchgate.net/publicat... https://www.mdpi.com/1996-1073/16/8/3404 The Engineering with Rosie team is: Rosemary Barnes: Presenter, producer, writer Javi Diez: Editor   / javierdiezsuarez   Fatini Nur: Research and production assistant   / fatinin