Philip Lewis

Philip Lewis

Philip Lewis is Director Research at Intelatus Global Partners. He has extensive market analysis and strategic planning experience in the global energy, maritime and offshore oil and gas sectors.

Rebuilding the Foundations of US Offshore Wind

Jan 11, 2024

As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been…

What Do MARAD Title XI Changes Mean for Offshore Wind?

Dec 20, 2023

The U.S. Maritime Administration (MARAD) has recently announced an amendment to the Federal Ship Financing Program, commonly referred to as Title XI. The amendments have aligned the program’s financial requirements and tests with common current federal credit and maritime lending best practices…

Top 10 Things to Watch in Offshore Wind in '24

Dec 20, 2023

Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look…

The $1 Billion Offshore Wind Prize for US Shipyards

Nov 27, 2023

The U.S. offshore wind market presents a $1 billion long-term opportunity to builders of crew transfer vessels (CTV) and service operation vessels (SOV) that will support both wind farm construction and long-term operations and maintenance.…

Floating Wind: What Opportunities Exist for Installation Companies and Vessel Owners?

Sep 06, 2023

Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries…

How Serious a Problem is the Cost Issue in U.S. Offshore Wind?

Sep 04, 2023

Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia…

Low Interest Shown in US' First Gulf of Mexico Offshore Wind Auction

Aug 29, 2023

Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday.The auction, held by the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development…

Anchor Handler Construction: What to Expect as Floating Wind Picks Up

Aug 16, 2023

A fleet of newbuild specialized anchor handlers will be required to help build up the emerging floating offshore wind industry. But since the industry is still in its early days, many unknowns have made it difficult for shipyards and their partners to gear up to build this fleet…

Energy Transition: What is an Offshore Vessel Operator to Do?

Jun 20, 2023

The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds…

Addressing the Challenges of Developing Floating Wind at Scale

May 02, 2023

Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale…

Markets: The Challenges of Developing Floating Wind at Scale

Apr 13, 2023

Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale…

US Working to Address Challenges in the Way of Offshore Wind Goals

Apr 03, 2023

A number of recent actions in the United States will better position the nation to meet its short- and long-term offshore wind energy targets, as outlined in the April 2023 U.S. Offshore Wind Report from Intelatus Global Partners.April brings with it the news that the U…

US Offshore Wind Pushing Forward, But Short-term Cost Concerns Linger

Mar 06, 2023

As we move into March, we note both positive and negative trends developing in the U.S. offshore wind segment.As an indication of the long-term sustainability of the offshore wind industry in the United States, federal agencies are finalizing…

Intelatus: A Month of Contrasts for U.S. Offshore Wind

Feb 02, 2023

February will be a month of contrasts for U.S. offshore wind industry. On the positive side, BOEM is moving forward with lease negotiations for an East Coast floating wind pilot array, and six developers submitted over 100 proposals in response to New York’s third offshore wind solicitation…

Offshore Wind: Floating Wind is the Future

Jan 31, 2023

$3 billion forecast to be invested in new anchor handlers to meet floating wind demand.Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 MW…

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