Impact Capital Partners’ Overview
Wind is one of the planet’s most efficient renewable power sources. Offshore winds tend to blow harder and more uniformly than on land. Since higher wind speeds can produce significantly more energy/electricity, developers are increasingly interested in pursuing offshore wind energy resources. The total US offshore wind power potential is estimated at 2,000 gigawatts (GW), more than twice the total electricity consumption in the US in 2020, but for now there is only one operating offshore project + 1500 more turbines to be installed over the next 10 years (25 GW). These projects will require 60+ Crew Transfer Vessels (CTVs) for installation and ongoing operations and maintenance. This opportunity is to fund a new US flag shipping company formed to construct a large fleet of 30 identical CTVs, with an emphasis on sustainable environmental footprints, to be built in top US East Coast shipyards and deployed on period charters to wind farm developers and their suppliers, with the goal to create efficiencies, reduce marine transport costs and make offshore wind more competitive to onshore wind.
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