{"id":15398,"date":"2023-06-12T23:22:21","date_gmt":"2023-06-12T22:22:21","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=15398"},"modified":"2025-03-18T16:24:10","modified_gmt":"2025-03-18T16:24:10","slug":"white-paper-tackling-the-cost-inflation-challenge-in-offshore-wind","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/news\/white-papers\/white-paper-tackling-the-cost-inflation-challenge-in-offshore-wind","title":{"rendered":"White Paper \u2013 Tackling the Cost Inflation Challenge in Offshore Wind"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][tabbed_section style=&#8221;default&#8221; tab_change_animation=&#8221;fade&#8221; alignment=&#8221;left&#8221; spacing=&#8221;default&#8221; tab_color=&#8221;Accent-Color&#8221; vs_content_animation=&#8221;fade&#8221; vs_link_animation=&#8221;opacity&#8221; vs_navigation_alignment=&#8221;left&#8221; vs_navigation_width_2=&#8221;25%&#8221; vs_navigation_func=&#8221;default&#8221; vs_navigation_width=&#8221;regular&#8221; vs_navigation_spacing=&#8221;15px&#8221; vs_navigation_mobile_display=&#8221;visible&#8221; vs_tab_spacing=&#8221;5%&#8221;][tab icon_family=&#8221;none&#8221; title=&#8221;White Paper Summary&#8221; id=&#8221;1742315026485-2&#8243; tab_id=&#8221;1742315026486-3&#8243;][vc_column_text]\n<p style=\"margin: 0cm;\">Inflation has been one of the key challenges facing the global economy over the past 24 months and offshore wind has been no exception, grappling with both specific and general inflationary factors. Precise details on the extent of rising prices and their proximate causes have, however, remained somewhat elusive. To address this information gap, Westwood undertook a cost inflation market survey in 1H 2023, engaging directly with industry contacts on key themes. This White Paper presents Westwood\u2019s findings and analysis.<\/p>\n[\/vc_column_text][image_with_animation image_url=&#8221;15402&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221;][\/tab][tab icon_family=&#8221;none&#8221; title=&#8221;White Paper Contents&#8221; id=&#8221;1742315026525-1&#8243; tab_id=&#8221;1742315026525-1&#8243;][vc_column_text]Executive Summary<\/p>\n<ol>\n<li>Introduction<\/li>\n<li>Measuring Cost Inflation in Offshore Wind\n<ul>\n<li>The Extent of the Impact of Cost Inflation<\/li>\n<li>The Causes of Cost Inflation<\/li>\n<\/ul>\n<\/li>\n<li>The Impact of Cost Inflation Offshore Wind\n<ul>\n<li>Understanding the Impacts of Cost Inflation<\/li>\n<\/ul>\n<\/li>\n<li>Looking to the Future<\/li>\n<li>Conclusion<\/li>\n<li>Annexe\n<ul>\n<li>Methodology<\/li>\n<li>Respondent Profile<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n[\/vc_column_text][\/tab][\/tabbed_section][vc_column_text]\n<p style=\"margin: 0cm;\">For free access to the 18-page White Paper, <b>Tackling the Cost Inflation Challenge in Offshore Wind<\/b>, please provide your details in the form below to receive a PDF copy via email:<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;#2c293e&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; 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