Offshore Wind Spend $20 Billion Per Year
region, particularly in U.K. and German waters. The Chinese market will also grow quickly in the forecast period. Energy is Blowing in the (Offshore) Wind Due to low carbon targets and a need to secure new energy supplies, offshore wind has become an important component in the future electricity generation mix for a number of countries, mainly in the European region. Offshore wind developments are potentially attractive to project developers due to a number of factors including: • The large, untapped offshore resource allows build at utility-scale with installed capacities
Offshore Wind Spend to Average $21B per year
today presents a new longer-term forecast and examines the key commercial developments since the last publication to provide detailed insight to established players and new entrant alike. “For many countries, including the UK and Germany, offshore wind is a key component in the future electricity generation mix,” commented report author Dmitry Dovgan, “to date, the UK market has been the main driver of growth, with many important lessons learned along the way. At the current time, we see increasing activity in Germany with a large amount of new capacity set to come online in the near
Advisors Forecast Offshore Wind Market Through 2022
Douglas-Westwood’s most recent market forecasts including coverage of new capacity, related capital expenditure, demand for wind turbines and requirements for installation vessels. “For many countries, including the U.K. and Germany, offshore wind is a key component in the future electricity generation mix,” commented Mr. Wright. “To date, the U.K. market has been the main driver of growth, with many important lessons learned along the way. At the current time, we see increasing activity in Germany with a large amount of capacity set to come online in the near future. To enable