We extend our heartfelt invitation to you to participate in the 7th Offshore Wind Asia Summit (OWA2024), which will be held in China in 2024. This esteemed international event brings together industry leaders, policymakers, and experts from over 20 countries across North America, Europe, and Asia, aiming to engage in collective deliberation, witness, and shape the future course of the global offshore wind market.
Post-2023's transformative phase, the offshore wind sector rebounded, overcoming major hurdles like inflation and supply chain issues. By 2023's close, a record 155 GW in wind turbine orders signified a new wave of growth. Entering 2024, we foresee pivotal changes: First, aligned with COP28's targets, the world's offshore wind capacity aims to triple renewable output, ushering in a new era of integrated growth. Supply chain optimization will be critical amidst persistent strains; yet, substantial investments in 2024 are expected to strengthen the entire process, from component manufacturing to installation, fostering a global supply network, job creation, and resource utilization globally. Secondly, Asia's offshore wind market is booming, projected to hit 108.8 GW by 2031, with soaring growth in China (including Taiwan), Vietnam, South Korea and Japan. Notably, Asia is challenging and could outpace Europe in floating offshore wind technology. Nations here are aggressively preparing to make a mark in global clean energy. Concurrently, the escalating focus on offshore wind power development in Asia, especially within North and Southeast Asia, presents developers with a strategic conundrum: how to craft development plans and business models that are sensitive to and well-adapted for the distinctive political, regulatory, and cultural landscapes of each regional market. This calls for nuanced approaches that capitalize on local strengths while addressing specific challenges inherent to each locale. China's dominance in global markets is underscored by its commanding 100 GW+ orders in 2023's 155 GW total, representing over two-thirds of the market. Its rapidly evolving offshore wind supply chain promises far-reaching impacts on the global scene. China not only deploys large-scale domestic projects but, through optimized supply chains, is instrumental in lowering costs and enhancing global offshore wind efficiency. Chinese firms' mass production capabilities and tech innovations have drastically cut equipment costs, advancing grid parity worldwide.
OWA2024, building on six years of distinction, expands industry horizons, strengthens international relations, and sets fresh standards. The summit will address pressing issues like supply chain constraints, material prices, and tech advancements, highlighting China's role in shaping global wind energy equipment trends under supportive policies and growing demand. Confidently, OWA2024 will assemble key players, ignite innovation, and forge cross-sector alliances. It will spotlight Asia's booming offshore wind sector, unlocking the strategic significance and vast potential of this region during the energy transition.
Organizing Committee of Offshore Wind Asia Summit
- Main Forum
- Sub-Forum 1
- Sub-Forum 2
- Sub-Forum 3
- Main Forum
Main Forum:
Connecting the World - Winds of Asia: Strategic Dialogue on Offshore Wind
After the turning point in 2023, the global wind power industry is set for a new period of growth, with significant development in the Asian market. Can the Asian offshore wind market keep growing quickly? Will Chinese Taiwan, South Korea, Japan, and Vietnam continue to achieve their projected annual growth rates? Amid global economic instability, how can we make sure that the offshore wind industry’s value chain stays strong, protecting it from the impacts of rising prices and supply chain problems? How can international developers handle these challenges and position themselves strategically in Asia to maximize investment returns?
This forum will explore the strategic development of the Asian offshore wind market, providing insights on market trends, policy analysis, international operational strategies, supply chain development, and investment models. It is a vital platform for stakeholders to understand the latest industry trends, seize future opportunities, and navigate the market with confidence.
Sub-Forum 1:
Winds of Innovation: Advances in Offshore Wind Technology and O&M Optimization
Wind power technology, EPC, and O&M are crucial for the health and longevity of wind power projects. The efficiency and reliability of wind turbines and supporting infrastructure are essential for generating power. EPC enhances efficiency and controls costs, and O&M ensures safety and economic benefits. As wind power technology advances, turbines are becoming larger and more advanced, posing challenges for design, manufacturing, installation, and maintenance. EPC implementation faces challenges such as supply chain uncertainties, cost control, and project timelines. In O&M, maintenance costs are rising due to the continuous expansion and aging of wind farms, coupled with a shortage of skilled personnel and outdated maintenance technology.
This forum will focus on three major areas: wind turbine R&D, EPC management, and innovation in equipment and O&M optimization. Discussions will center around topics such as the healthy development of large wind turbines, the international expansion of turbine manufacturers, innovation in underwater installation equipment, EPC management models, digital O&M, and the cultivation of technical talent.
Sub-Forum 2:
Harnessing New Horizons: High-Level Dialogue on Emerging Offshore Wind Markets in Asia
Emerging offshore wind markets in Asia, such as Thailand, Vietnam, and the Philippines, are becoming global focal points for wind power development due to their abundant wind resources, favorable geographic locations, and supportive policies. These new markets bring about fresh considerations: How should international investors craft development strategies and business models tailored to the unique political and cultural environments of each region? This forum will feature owners and EPC units from these emerging markets, providing in-depth analysis of the latest policy trends, market demands, technological developments, and investment opportunities in various countries, as we collectively explore the immense potential of this sector.
Sub-Forum 3:
Integrating the Tides: Converging Marine Economy and Energy Solutions
Amid the global energy transition and sustainable development, the integrated development of marine energy is becoming a crucial driver of future energy system transformation. This forum will focus on the combination of offshore wind power with hydrogen production, photovoltaics, marine ranching, and energy islands, analyzing their significant potential in achieving cleaner and more efficient energy utilization. It will also explore new ideas for building a diversified and intelligent marine energy ecosystem from perspectives such as policy, market mechanisms, technological innovation, and marine investment.
Main Forum:
Riding the Waves: Innovations in Floating Offshore Wind Technology
As global demand for the development and utilization of deep-sea wind resources continues to grow, floating wind power technology is drawing increasing attention and investment. Various forms of floating wind turbines, such as twin-rotor turbines, towerless turbines, and stacked turbines, are emerging. This forum will bring together renowned global developers, floating foundation manufacturers, and innovative floating turbine designers to engage in in-depth discussions on key topics, including technological innovation, cost control, supply chain management, project financing, and commercial operations in floating wind power. Through case studies, keynote speeches, and roundtable discussions, the forum will showcase the latest achievements in floating wind projects worldwide and share successful experiences and advanced concepts.
Opening Speech
Keynote Speech: Constants And Variables in Asian Offshore Wind
Keynote Speech: Analysis of Offshore Wind Power Policies in Different Regions of China and an Overview of National Strategic Planning
Keynote Speech: Leading Global Offshore Wind Technology Development in Renewable Energy: China Huaneng Group Advances the "Dual Carbon" Goals and Supports the Growth of New New Quality Productive Forces
Keynote Speech: Ahead of the Curve: Step into a More Sustainable, Cost-Effective Global Offshore Supply Chain Future
Keynote Speech: Green Financing Unlocks the Blue Ocean of Wind Power: AIIB's Practices in Offshore Wind Power Financing
Panel Discussio: Seizing the Blue Market: Strategies for Offshore Wind Internationalization, Lifecycle Management, and Multi-Energy Integration
Winds of Innovation: Advances in Offshore Wind Technology and O&M Optimization
Sub-Forum 2:
Integrating the Tides: Converging Marine Economy and Energy Solutions
Main Forum:
Riding the Waves: Innovations in Floating Offshore Wind Technology
Due to increasing energy demand, government support, and growing confidence in the potential of offshore wind power, the offshore wind power market in the Asia-Pacific region has been experiencing steady and rapid expansion. By 2030, it is predicted that the Asian offshore wind market will have approximately 100GW of offshore wind capacity installed. While China currently dominate the market in Asia.