The Portuguese Offshore Energy SWOT Analysis

Abstract

Renewable energy has gained importance in recent years because of its cooperation in ecosystems, welfare and the circular economy. The new business model comprises new values for organizational sustainability. Moreover, renewable energy such as offshore energy is associated with innovation systems, knowledge and collaboration between organizations. The participation of the offshore energy sector has increased in the Portuguese renewable energy supply. It is known that renewable offshore energy suppliers will cover economic necessities. One of the strategies was to set up a new business model based on supplier organization networking for the construction of an offshore wind farm. This will contribute positively to lower fuel dependency, fewer imports, control of energy prices and market regulation in terms of supply/demand. The methodology used was an electronic questionnaire applied to emergent offshore energy cluster stakeholders. The SWOT analysis of the offshore energy sector contributes to an understanding of the offshore energy sector in Portugal and reveals the business model with which the stakeholders are faced. Moreover, it draws up a business strategy oriented towards competitiveness and cooperation with other energy sectors.