- With the Iran-US war, importance of energy diversification away from reliance on O&G is now a key consideration for many countries globally. Australia, Japan, Taiwan, South Korea and Vietnam have committed to building windfarms from 2026-2030.
- We believe Marco Polo Marine (SGX:5LY) is in a solid position with a first-mover advantage to benefit from this structural wave.
Energy reliance becomes a security risk
- - Read this at SGinvestors.io -
Diversification of energy supplies
- Taiwan is actively building a massive offshore windfarm sector with the goal of achieving net—zero emissions by 2050.
- - Read this at SGinvestors.io -
- Vietnam's national Power Development Plan includes a commitment to develop 6GW of offshore wind by 2030, rising to more than 70GW by 2050.
- Vestas wind systems will also set up a factory in Japan by 2029 to tap the growing demand in Asia. The 220-MW Kitakyushu Hibikinada, Japan’s largest offshore wind farm, commenced commercial operation on 2 March 2026. Its government is aiming for 10 GW by 2030 and 30–45 GW by 2040, aimed at replacing imported fossil fuels.
Key beneficiary of this structural change
- Read more at SGinvestors.io.
