Abstract
As energy transitions progress from formative to growth or acceleration phases, issues related to resource formation increase in importance. In this paper we address a type of resource formation that has received scant attention in the sustainability transitions literature to date: developing the industrial capacity to manufacture and deliver key complementary assets (i.e. components and services) to large energy projects. Such supply chain elements constitute a significant share of investment, are crucial for the upscaling of low-carbon technologies, and offer important job and value creation opportunities for different regions and countries. Empirically we study the build-up of industrial capacity to supply key complementary assets to the European offshore wind power market in the 2000–2019 period through three phases (formative, take-off, growth) of development. We provide explanations to observed spatio-temporal patterns of industrial capacity development by considering 1) industry life-cycle dynamics, 2) pre-existing assets and industrial relatedness, and 3) home market opportunities.