Rystad Energy: US$20 billion to flow into European offshore substations this decade

Rysth Energy research predicts a significant surge in offshore European infrastructure, with 137 substations expected to be installed this decade, necessitating a substantial investment of US$20 billion. This development underscores the growing European commitment to expanding its offshore capabilities and the accompanying financial implications, hinting at a potentially lucrative market and a transformative period for the continent's energy landscape. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Energy Global