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Although 2022 did not match 2021’s record of over 19.5 GW of online capacity, 2022 witnessed the second highest amount of global online capacity with almost 8.5 GW. Final investment decisions (FIDs) were taken on over 11.5 GW of projects, making it the fourth highest year for FIDs.
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Much has been written on the upcoming supply crunch in the investor-friendly offshore wind installation market, but what are the challenges facing contractors looking to capitalize on this growth and optimize any potential investment in new assets?