Abstract
This paper presents the key concerns of offshore wind turbine Original Equipment Manufacturers’ (OEMs) Product Portfolio Management (PPM) functions for the predicted turbine growth. In addition, it provides possible improvements within the portfolio decision process through available cost forecast equations for turbines’ main components.
Highlights
Climate change is real; this is one thing scientists agree on! The average temperature was never higher than in the 20th century and it’s still rising
This paper presents the key concerns of offshore wind turbine Original Equipment Manufacturers’ (OEMs) Product Portfolio Management (PPM) functions for the predicted turbine growth
It provides possible improvements within the portfolio decision process through available cost forecast equations for turbines’ main components. This is done by answering the research question “Will offshore wind OEMs’ PPM benefit from cost forecast equations for turbines’ main components within their portfolio decision process?” The answer to this question is found through an extensive literature review of product portfolio decisions within PPM in the wind industry and through interviews of key experts from a leading offshore wind turbine OEM
Summary
Climate change is real; this is one thing scientists agree on! The average temperature was never higher than in the 20th century and it’s still rising. The goal of this pact is to keep the global average temperature beneath 2°C compared to pre-industrial levels. To reach this goal, member states declared that they would reduce greenhouse gas emissions by the end of the century, to up to 25% in 2040 and 35% in 2050 (IRENA, 2019). The overall installed offshore wind capacity is predicted to reach 228 GW and up to 1000 GW in 2030 and 2050, respectively This would mean a yearly installation of around 45 GW in 2050, which would be an around ten-fold increase compared to the 4,5 GW added in 2018 (IRENA, 2019)(Meißner, 2020d)
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