Search and Filter Through Our Comprehensive Database of Underwater/Submarine Transmission Line Projects and Tenders in Germany
Identify and track latest underwater/submarine transmission line projects (upcoming, ongoing/under-construction, completed), tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Germany.
Germany Underwater/Submarine Transmission Line Industry Analysis
The Underwater/Undersea/Submarine Electric Power Transmission Lines industry in Germany is a crucial component of the country's energy infrastructure. It plays a vital role in ensuring a stable supply of electricity to meet the growing demands of the country's economy and population.
Current Scenario:
Germany is a world leader in offshore wind power production, and this has led to a surge in the demand for underwater electric power transmission lines. The country has a well-developed network of underwater cables that connect offshore wind farms to the onshore grid. According to the German Federal Maritime and Hydrographic Agency, there are currently over 6,500 km of submarine cables installed in German waters.
Construction of New Projects:
Germany continues to invest heavily in the construction of new underwater electric power transmission lines. The German government has set ambitious targets to increase the share of renewable energy in the country's energy mix, and this will require a significant expansion of the country's offshore wind capacity. As a result, several new underwater cable projects are currently under construction, such as NordLink, SuedLink, and Ostwind 1 and 2.
Major Drivers:
The primary driver of the underwater electric power transmission lines industry in Germany is the country's commitment to transitioning to a low-carbon economy. Germany has set a target of achieving a 65% renewable energy share by 2030 and has implemented several policies to support the growth of renewable energy, such as feed-in tariffs, tax incentives, and subsidies.
Another driver of the industry is the increasing demand for offshore wind power. As Germany phases out nuclear and coal-fired power plants, the demand for clean energy sources like wind power is expected to increase. Offshore wind farms are an important component of Germany's renewable energy strategy, and the development of underwater electric power transmission lines is necessary to transport the electricity produced by these wind farms to the onshore grid.
Industry Outlook:
The outlook for the underwater electric power transmission lines industry in Germany is positive. The German government's continued commitment to increasing the share of renewable energy in the country's energy mix, combined with the increasing demand for offshore wind power, is expected to drive the growth of the industry.
The expansion of the industry will provide opportunities for both domestic and international companies, with German companies like Siemens Energy and Prysmian Group playing a significant role in the development of underwater cables. The industry's growth is also expected to create jobs and stimulate economic activity in the regions where underwater cable projects are developed.
In conclusion, the underwater electric power transmission lines industry in Germany is a crucial component of the country's energy infrastructure. The country's commitment to transitioning to a low-carbon economy and the increasing demand for offshore wind power are expected to drive the growth of the industry. The industry's expansion will provide opportunities for both domestic and international companies, create jobs, and stimulate economic activity.
Looking for a List of Underwater/Submarine Transmission Line Projects in Germany?
Are you searching for underwater/submarine transmission line projects and tenders in Germany?
We have compiled the most comprehensive and up-to-date database of global projects and tenders to quickly find opportunities needing your services.
Blackridge Research's Global Project and Tender database is a valuable resource for EPC companies, general contractors, subcontractors, manufacturers, suppliers, operation & maintenance (O&M) companies, investors, consulting companies, and law firms looking for new business opportunities.
Our database includes all the essential project details, contact information of project owners and stakeholders, making it easy for you to establish your connection and grow your business.