Let’s cut to the chase.
Hiring in Offshore Wind faces critical issues going into 2024
1. Cost-competitiveness to secure projects is as vital as ever.
Supply chain challenges, project delays, and rising interest rates abound. You already know Offshore Wind recruitment can be a stranglehold on budget plans with unexpected fees, salary negotiations and bad hires.
2. Strict renewable energy targets
- Offshore Wind is expected to reach a global energy capacity of 330GW by 2030. Up from 34GW!
- 24 Countries expect to have fully operational large-scale offshore wind farms by 2030. Up from 9!
In spite of the opportunities presented by this potential expansion, threats to global growth plans are inherently linked to costly and unprepared hiring strategies.
Speed of build-out is creating pressure on materials and supply chains, port infrastructure, and available construction and maintenance vessels – thus greater exposures for insurers with turbine and cable damage the highest payouts. Thus a workforce of skilled talent is needed.
3. A Global Offshore Wind skills shortage
A lack of experience Offshore Wind candidates is negatively impacting talent acquisition, threatening Renewable Energy growth plans and facilitating a change in strategy!