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flag Offshore wind energy capacity to quintuple by 2030s, driving demand for specialized ships to install larger turbines.

flag Offshore wind energy capacity is expected to quintuple by 2030s, driving demand for specialized ships to install larger turbines. flag Currently, there are around 20 ships outside China capable of handling 15-megawatt turbines, but the industry anticipates investing $14.8bn to meet future demand. flag Building a new installation vessel takes at least three years and $400m, with retrofitting older ships also time-consuming and costly.

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