logo
Offshore wind could contribute more than $40 billion to Australia's GDP between 2027 and 2040

Offshore wind could contribute more than $40 billion to Australia's GDP between 2027 and 2040

It's estimated that offshore wind in the country could support more than 23GW of output, which could supply more than 20 million homes with renewable energy.
PERTH, QUEENSLAND, AUSTRALIA, May 25, 2025 / EINPresswire.com / -- Offshore wind energy will play a very important role in Australia's future. On the one hand, due to the need to replace more polluting sources of energy generation in line with the Capacity Investment Scheme (CIS) initiative launched by the Australian government to facilitate the energy transition, but also from an economic point of view, since the commitment to the construction of offshore wind farms could mean a contribution of more than $40 billion to the country's GDP between 2027 and 2040, according to forecasts made by the Clean Energy Council.
Although there are still no offshore wind farms under construction -as opposed to the 90 onshore wind farms already in operation in the country-, 12 feasibility licenses were granted last year in the Gippsland region (Victoria), the most favorable region for the installation of this type of infrastructure -along with Newcastle, in New South Wales and Gladstone, in Queensland-, as a step prior to the start of the installation works. However, the inadequacy of the country's port infrastructures to meet the necessary requirements for loading and unloading materials onto barges and the marshaling of wind turbine components -jackets, transition pieces and turbines- continues to be one of the main obstacles to the proper development of these wind farms.
In this regard, Sarens, world leader in heavy lifting, engineered transport and crane rental services, is calling on public and private entities in the country to make a firm commitment to the renovation of port infrastructures, providing them with the necessary facilities to carry out the loading and unloading of materials in the necessary conditions of safety and efficiency.
With two offices in Australia (in Brisbane, Queensland and Perth, Western Australia), Sarens has a technical staff highly specialized in the tasks required for the installation of offshore wind farms in any of the coasts of the country, with the necessary capacity to advise its clients to identify their needs in terms of machinery and transport solutions, as well as in the necessary modifications and adaptations to be carried out in the points where the projects are developed. In addition to having a complete fleet of local machinery, Sarens has different alternatives spread around the world that can be mobilized at any time to meet any requirement of its customers, regardless of the complexity or the load that needs to be moved.
Offshore wind energy is expected to be a major source of job creation in the expansion areas, with more than 8,000 new jobs per year from 2030 onwards, with more than 19,000 jobs created in peak construction and more than 7,000 in the operation of the farms. Once all the farms planned for the next few years are operational, it is estimated that more than 23 GW of production will be contributed to the national energy system, which could supply renewable energy to more than 20 million homes, according to PWC's forecasts in its report 'Australia's pathway to energy transition is blowing in the wind'.
Sarens has extensive international experience in the assembly and maintenance of wind farms. It has participated in various installations in France such as Fécamp, Saint Nazaire, Provence Grand Large and in the lifting and transport work for the foundation bases of the new offshore wind farm in Saint Brieuc, located off the Brittany coast. During this project, Sarens successfully transported loads weighing over 1150 tons. More recently, Sarens has been actively involved in the reception and loading operations of monopiles and transition pieces for 176 turbines for the Coastal Virginia Offshore wind farm in the US and the marshalling and installation of 62 monopiles in the Moray West offshore wind farm, each weighing up to 2000 tons, the largest and heaviest XXL monopiles ever to be handled in the UK.
Sarens LeanFactor Team
LeanFactor Global Communication
[email protected]
Visit us on social media:
LinkedIn
Instagram
Legal Disclaimer:
EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ryan Reynolds, Hugh Jackman join Australia SailGP team as co-owners
Ryan Reynolds, Hugh Jackman join Australia SailGP team as co-owners

Associated Press

timean hour ago

  • Associated Press

Ryan Reynolds, Hugh Jackman join Australia SailGP team as co-owners

Ryan Reynolds and Hugh Jackman become co-owners of the Australia SailGP team on Thursday. The 'Deadpool & Wolverine' stars joined driver and CEO Tom Slingsby in leading the team's rebrand after several successful seasons, winning three championships in its four seasons. The team will be called the BONDS Flying Roos, with the Australian underwear company BONDS as its title partner. 'We're incredibly excited to set sail together in this new adventure,' Reynolds and Jackman said in a joint statement released through SailGP. 'Hugh brings a deep love for and pride in his home country, as well as being an avid fan of sailing. He will also be bringing his overly clingy emotional support human along for the ride. Apologies in advance to Australia. No comment on whether we're writing this in our BONDS. No further questions.' It's the latest sports venture for Reynolds, who along with fellow Hollywood actor Rob McElhenney is a co-owner of Wrexham, one of the world's oldest soccer clubs. Reynolds and McElhenney were also part of an investment group that acquired Colombian club La Equidad earlier this year. The BONDS Flying Roos SailGP Team is expected to make its debut at the Mubadala New York Sail Grand Prix starting June 7. Slingsby, an Olympic gold medalist, said in a release that Jackman and Reynolds bring 'unmatched star power, a love for storytelling, and a sharp sense of (humor) that fits perfectly with our team.' 'With BONDS joining as our Title Partner and the launch of the BONDS Flying Roos,' Slingsby added, 'we're building something distinctly Australian; a team driven by spirit, resilience, and national pride.' ___ AP sports:

Even in red America, clean energy is booming. But now, huge renewable projects are dead.
Even in red America, clean energy is booming. But now, huge renewable projects are dead.

Yahoo

time2 hours ago

  • Yahoo

Even in red America, clean energy is booming. But now, huge renewable projects are dead.

Published by The Guardian, Renewable Energy World, Mississippi Today, The Invading Sea. Renewable energy in the United States has surged to unprecedented levels, with the combined power generated by solar, wind and geothermal more than tripling over the past decade, according to a new report by a network of state environmental groups. The growth has slashed harmful greenhouse gas emissions, made the nation's energy system more resilient and prevented thousands of premature deaths from power plant pollution, according to the report by Environment America. But this progress faces increasing resistance as President Donald Trump in his first 15 weeks in office has begun to dismantle federal policies and spending aimed at slowing climate change. It's all happening at a time of heightened concern among environmentalists. Despite an international accord to lower greenhouse gas emissions, the atmosphere now contains record levels of heat-trapping gasses. All 50 states have warmed since the first Earth Day in 1970, according to a new analysis by Climate Central, an independent nonprofit group that researches and disseminates information about climate change and its effects. Among the highlights of the Environment America report: The amount of solar energy produced in 2024 — enough to power 28 million homes — was nearly eight times higher than a decade earlier. Solar power production increased 27% from 2023 to 2024. Wind produced even more energy — enough to power 42 million homes in 2024. The amount of power from wind has more than doubled over the past decade. Wind, solar and geothermal energy accounted for 19% of all retail sales of electricity last year, according to the federal data used to produce the report. The amount of utility-scale battery storage in the United States grew 63% from 2023 to 2024 — and a more than 80-fold increase over the past decade. Nearly 3.3 million electric vehicles were on U.S. roads at the end of 2023 – a 25-fold increase from 2014. The number of electric vehicle charging ports, meanwhile, grew to more than 218,000 at the end of 2024 – six times more than 2015 and a 24% increase from just the year before. More than 1.5 million plug-in electric vehicles were sold in 2024, an increase of more than 7% over the previous year, according to Argonne National Laboratory. Nearly 300,000 new electric vehicles were sold in the United States during the first quarter of 2025 — an 11% increase over the same period last year, Kelley Blue Book data shows. 'The growth of these clean energy technologies is now clearly benefiting people in all 50 states, and they're really providing the building blocks of a clean energy system free from dirty and inefficient fuels,' said Johanna Neumann, senior director of the Campaign for 100% Renewable Energy, which is led by Environment America. 'And the more that we can accelerate the progress that we've seen, the better it'll be for our health and for our environment.' Most of the states that have seen the biggest percentage increases in wind, solar and geothermal energy over the past decade are in the South — and most are Republican states, according to a Floodlight analysis of the federal data used in the Environment America report. Some of those states, including Mississippi and Alabama, still rank low in the total amount of renewable energy produced. But other right-leaning Southern states, including Florida and North Carolina, now rank above most others in terms of the total renewable energy generated. For those concerned about climate change, however, a new analysis points to a more worrisome sign: Almost $8 billion in investments — including 16 large-scale factories and other projects — were canceled, closed or downsized in the first three months of 2025, according to the report by E2, a nonpartisan group of business leaders who advocate for sound environmental policies. Likely contributing to the cancellations: market uncertainty and the debate in Congress over repealing tax credits and other incentives for clean energy projects. The $7.9 billion in investments withdrawn this year are more than three times the amount canceled over the previous two years, the E2 report notes. 'Clean energy companies still want to invest in America, but uncertainty over Trump administration policies and the future of critical clean energy tax credits are taking a clear toll,' E2 spokesman Michael Timberlake said in a statement. The Inflation Reduction Act, President Joe Biden's massive climate law, extended renewable energy tax credits until at least 2032. Whether the Republican-controlled Congress will eliminate those tax credits is unclear. 'I think that market certainty has been stripped away for many of these technologies right now, and they're feeling uneasy,' Neumann said. 'And so it's not surprising to me that we're seeing a retraction in investment.' Floodlight is a nonprofit newsroom that investigates the powers stalling climate action.

Carbon Fiber Market Size Worth $7.46 billion by 2031
Carbon Fiber Market Size Worth $7.46 billion by 2031

Business Upturn

time5 hours ago

  • Business Upturn

Carbon Fiber Market Size Worth $7.46 billion by 2031

US & Canada, June 05, 2025 (GLOBE NEWSWIRE) — According to a new comprehensive report from The Insight Partners, the global carbon fiber market is observing significant growth owing to the growing demand for lightweight materials in the aerospace and defense industry. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the carbon fiber market comprises a vast array of applications that are expected to register growth during the coming years. To explore the valuable insights in the Carbon Fiber Market report, you can easily download a sample PDF of the report – Overview of Report Findings 1. Market Growth: The carbon fiber market is expected to reach US$ 7.46 billion by 2031 from US$ 4.21 billion in 2024; it is anticipated to register a CAGR of 8.5% during the forecast period. The increasing need for lightweight materials to construct aviation components and parts has significantly boosted the demand for advanced composites. Aircraft manufacturers are making efforts to develop huge primary thermoplastic structures in business jets and commercial aircraft. The use of carbon fiber materials allows manufacturers to lower the weight of airplane parts, subsequently facilitating fuel cost reductions. Thus, the growing demand for lightweight materials in the aerospace & defense industry is driving the carbon fiber market growth. 2. Rising Use of Carbon Fiber in Automotive Industries: Lightweight materials offer excellent potential for increasing vehicle efficiency, as their acceleration requires less energy than heavier ones. According to the Office of Energy Efficiency & Renewable Energy, a 10% decrease in vehicle weight can improve fuel economy by 6–8%. Substituting cast iron and traditional steel components with lightweight materials, such as carbon fiber and polymer composites, can reduce the weight of a vehicle body and chassis by up to 50%, thereby reducing the fuel consumption of a vehicle. Hence, the application of carbon fiber in the automotive sector is growing at a significant pace. 3. High Demand for Green Carbon Fiber: Green carbon fiber provides environmental sustainability, cost-effectiveness, energy efficiency, and lightweight benefits. Thus, green carbon fibers are tremendously used in battery boxes, lift gate systems, pressure vessels, wind turbines, aircraft, sporting goods, etc. The increased demand for lightweight materials in defense, automotive, sporting goods, and aerospace industries further drives the green carbon fiber market growth. Furthermore, the demand for environmentally friendly, easily recyclable fiber and fiber-reinforced composite products is growing due to strict government rules and regulations, propelling the adoption of green carbon fiber. 4. Geographical Insights: In 2023, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. Asia Pacific is expected to register the highest CAGR during the forecast period. For Detailed Carbon Fiber Market Insights, Visit: Market Segmentation Based on raw material, the carbon fiber market is segmented into polyacrylonitrile-based and pitch-based. The polyacrylonitrile-based segment held a larger share of the carbon fiber market in 2024. By fiber type, the carbon fiber market is segmented into virgin and recycled. The virgin segment held a larger share of the carbon fiber market in 2024. By application, the carbon fiber market is segmented into composites and non-composites. The composites segment held a larger share of the carbon fiber market in 2024. By end-use industry, the carbon fiber market is segmented into aerospace and defense, automotive, building and construction, sporting goods, wind energy, textiles, marine, and others. The automotive segment held the largest share of the carbon fiber market in 2024. The carbon fiber market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America. Competitive Strategy and Development Key Players: Major companies operating in the carbon fiber market include DowAksa; Formosa M Co. Ltd.; Hexcel Corporation; Hyosung Advanced Materials; KUREHA CORPORATION; Mitsubishi Chemical Corporation; SGL Carbon; Shanghai Horse Construction Co., Ltd; TEIJIN LIMITED; and TORAY INDUSTRIES INC.. Trending Topics: A high focus on carbon fiber recycling and the growing adoption of carbon fiber in the energy sector Stay Updated on The Latest Carbon Fiber Market Trends: Global Headlines on Carbon Fiber Hyosung Advanced Materials developed ultra-high-tensile carbon fiber. Teijin unveiled Advanced Spread-Tow Carbon Fiber Woven Fabric. Teijin launched a new Carbon Fiber Intermediate Material Brand. Mitsubishi Chemical Corporation had commenced sales of a rapid cure carbon fiber (CF) prepreg. Teijin partnered with Fuji Design in carbon fiber recycling. SGL Carbon and Solvay collaborated to develop highly competitive advanced carbon fiber composites for aerospace primary structures. Purchase Premium Copy of Global Carbon Fiber Market Size and Growth Report (2021-2031) at: Conclusion Carbon fiber is defined as a long, thin strand of material that is made up of carbon atoms and has a diameter of about 0.005 mm to 0.010 mm. Such fibers provide high tensile strength, along with high-temperature tolerance and durability. Carbon fibers possess excellent corrosion resistance, higher stiffness and strength, and longer lifespans than other materials such as aluminum and steel. Hence, these fibers find their application in broad end-use industries. They are used in several applications, such as aerospace & defense, automotive, and construction. However, the high costs of carbon fiber manufacturing processes are limiting the market growth. Further, the increasing adoption of carbon fiber by sporting goods manufacturers across developed and developing countries worldwide is expected to provide lucrative growth opportunities for the carbon fiber market over the forecast period. The report from The Insight Partners, therefore, provides several stakeholders—including raw material suppliers, manufacturers, distributors/suppliers, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Talk to Us Directly: Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: [email protected] Phone: +1-646-491-9876 Home – Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store