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Enterprise Singapore (EnterpriseSG), the Association of Singapore Marine & Offshore Energy Industries (ASMI) and the Global Wind Energy Council (GWEC) have signed a Memorandum of Understanding (MOU) today to expand Singapore’s network with the global offshore wind sector and foster more project and innovation opportunities between Singapore and international players in this space. This new partnership was signed at Wind Energy Hamburg 2024, one of the world’s largest wind energy industry events.
Under the MOU, EnterpriseSG, ASMI, and GWEC will collaborate in joint initiatives to grow the global offshore wind ecosystem, and drive further innovation and technological developments that support the offshore wind supply chain. These initiatives include:
- Policy development: Policy dialogues and joint publications to address regulatory challenges, facilitate project structuring and financing, explore regional collaboration and adoption of best practices.
- Network building and knowledge exchange: Events for commercial matchmaking and knowledge transfers among industry stakeholders aimed at catalysing market access for Singapore companies to test and develop new innovative offshore wind solutions. These events will allow Singapore companies to understand global market trends and needs quickly, as well as partner with international stakeholders to co-develop new solutions more effectively.
- Capability-building: Capacity-building programmes, workshops, and training sessions to enhance the capabilities of offshore wind companies and enhance the talent pipeline in the offshore wind sector.
The activities will be rolled out over the next two years and are expected to benefit about 100 Singapore enterprises and 150 GWEC members in the offshore wind sector. This effort is part of Singapore’s commitment earlier this year to invest and explore growth opportunities in the global offshore wind sector, which is expected to expand at a compound annual growth rate of more than 20% between 2022 and 2030 and worth US$126 billion per annum by 2030.
The MOU was signed by Enterprise Singapore Assistant Managing Director, Mr. Johnny Teo; Global Wind Energy Council Chief Industry Officer, Mr. Stewart Mullin; and Association of Singapore Marine & Offshore Energy Industries Executive Director, Mr. Wilson Ang. The MOU signing was witnessed by Enterprise Singapore Executive Chairman, Mr. Lee Chuan Teck, Association of Singapore Marine & Offshore Energy Industries President, Mr. Simon Kuik, and Vice Chair of Global Wind Energy Council, Mr. Girish Tanti.
