November 8, 2023
A global boom in offshore wind developments is creating critical shortages of high-voltage direct current (HVDC) cable supply. This has the potential to halt or drastically delay major proposed Australian energy projects, including SunCable, Marinus Link and the emerging offshore wind industry.
Based on current predictions, demand for HVDC subsea cables will outstrip supply around 2027. Globally, developers have already started pre-purchasing production slots with cable manufacturers. It means new projects that have not proactively identified and secured manufacturing slots may be delayed until the 2030s.
CoreMarine’s latest White Paper, ‘Global HVDC subsea cable supply challenges’ outlines the challenges, explains why the APAC region needs its own advanced cable manufacturing facility, and lists the advantages of SunCable’s proposed site at Bell Bay in Tasmania.
Subsea cables and offshore installation are our bread and butter – reach out if you want to learn more!
Main image credit: Offshore wind projected installations per year in GW (GWEC 2023 report)