﷽ Blue Economy NOVA-3W Maritime & Offshore Engineering Theme: Blue Economy > Marine Engineering; Ocean Sciences; Port Technology; Renewables Our Priority Focus: Region Specific Actionable Strategy Formulation Our Expertise: Country Specific Economic Viability & Roadmaps Studies The Ocean Economy, part of Blue Economy, transports close to 90% of world trade, provides 17% of the world’s Food, and contributes billions of dollars to the Global Economy, annually. Offshore wind has enormous potential to help decarbonize the world’s energy system, with the technical ability to provide 36,000 terawatt-hours (TWh) globally per year. Collaboration between government and industry will be critical to establishing the policies.  According to WBG ESMAP Offshore Wind Development Program’s Analysis there is over 71,000 GW of technically extractable* offshore wind resources, globally. Image PEIS, Source: World Bank Group - ESMAP     Offshore Wind Power Generation Regions: Africa (West; SAHEL); Central Asia; Indian Ocean; MENA; North Pacific Offshore Wind offers a unique opportunity to transfer oil & gas expertise and workforce to a new sector that can simultaneously help achieve goals of economic diversification and decarbonization.
PEIS Research Objectives 1. Inclusion of Blue Economy into the Energy Sector Policies and Strategies 2. The required preparatory work needed to Engineer Bankable Documentation, in alignment with the guidelines of; 2.1. United States of America (USA) Department of Energy (DOE); Energy Efficiency & Renewable Energy (EERE) Water Power Technology Office (WPTO); Wind Energy Technology Office (WETO). 2.2. World Bank Group (WBG) Energy Sector Management Assistance Program (ESMAP). 2.3. International Finance Corporation (IFC). 2.4. Regulatory Policies of the Host Countries. 2.5. Private Sector Stakeholders. Below Image Source: U.S. Dept. of Energy  U.S. Offshore Wind Energy Initiatives To catalyze Offshore Wind Energy, U.S. President announced revised Offshore Wind Energy Policy (March 29, 2021) and subsequently the Departments of Commerce, Energy, Interior, and Transportation announced new Leasing, Funding, and Development Goals and Deployment of Offshore Wind Energy to strengthen the critical supply chain. The EU has set an overall target of generating 300 GW of offshore wind by 2050, which is up from the current 16 GW installed. Offshore Wind Technical Potential: USA Source: U.S. Dept. of Energy
Offshore Wind Technical Potential: Central Asia; MENA & Pakistan Image by PEIS, Source: World Bank Group
Offshore Wind Technical Potential: Azerbaijan Image Source: World Bank Group
Morocco: Offshore Wind Technical Potential Below Image Source: World Bank Group   Overview: Floating Offshore Wind Technology Source: U.S. Dept. of Energy, NREL (57.15 minute video) International Energy Outlook 2021 (IEO2021) (All images and hyperlinks open in new window) Image BY PEIS, Source: U.S. Energy Information Agency  DOE (IEO2021) Issues in Focus 1. Energy implications of potential Iron and Steel Sector Decarbonization Pathways. 2. Effects of changes in coal supply and demand on international trade and electricity generation in India and Other non-OECD Asia. 3. Changes in composition of economic growth in China. Our Holistic Approach Guidelines 1. An integrated landscape approach, as one sector cannot do it alone. 2. A partnership approach, as one institution cannot do it alone. 3. A regional approach, because one country cannot do it alone. 4. An emphasis on indigenous ownership. 5. A deeper recognition of the poverty-environment-climate nexus. 6. Stronger networks for sharing experience. Strategic Relevance 1. Ingenious Ownership and Leadership: Multiple Propjets to be developed under multiple Programs. 2. Alignment with Regional Priorities: For Incisiveness; Stability; Sustainability and Development. 3. Strong Poverty Reduction Focus: Inclusive Sustainable Natural Resources Development; Management and Enhanced Resilience 4. Promotion of Climate Resilience: Programs to focus supports on deeper engagement on climate change. 5. Focus on Digital Workforce: Cyber-Resilient Autonomous Digital Networks to enhances knowledge sharing for development solutions. World Bank Group Program Targets 1. Engage with at least 10 client countries to integrate 20 GW of offshore wind into their policies and plans 2. Develop a pipeline of investable projects, with at least 5 GW of capacity receiving WB/IFC finance 3. Maximize women’s employment and skills development in offshore wind in multiple client countries Our Group Focus Lawful Technology Commercialization Read More About MUGHALS... Focal Contact: peis@themughals.net Below: Downloadable Source Reports Links |
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