The global installed offshore wind power capacity is projected to increase over the forecast period, as grid operators, equipment manufacturers, governments and investors give offshore wind farms greater attention.
With the United States and China having taken serious steps to expand offshore wind farms, Europe leads this market segment today and is expected to do well into the next decade.
Europe’s leadership is primarily attributed to public policy and a thriving wind energy industry. European Union legislation mandates significant reductions of carbon emission, requiring, among other measures, a greater usage of renewable energy resources. In addition, some of the world’s leading wind turbine manufacturers and engineering firms are based in Europe, providing a unique pool of expertise. One of the examples of Europe’s potential is the United Kingdom, which has pre-approved 49 GW of offshore wind capacity, worth a potential investment of USD 100 billion.
New market research report “Offshore Wind Industry – Growth Potential Hampered by Issues in Supply Chain and Financing” prepared by GlobalData has been recently published by Market Publishers Ltd.
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Source: prweb, November 22, 2011