New Program to Accelerate Expansion of Offshore Wind Power in Developing Countries

Our reaction to Offshore Wind Sector Deal

By 2030 the number of mega offshore wind farms in British waters is expected to double under a multi-billion pound Government-industry partnership to be announced today.

The offshore wind "revolution" will mean nearly a third of homes and businesses will be powered by offshore wind, and more than two thirds by low-carbon sources including.

"We see great opportunity for offshore wind development at scale and are looking forward to working with private sector developers to open up new investment opportunities in countries that could benefit from this increasingly competitive source of renewable energy", said Bertrand de la Borde, IFC Director and Global Head of Energy and Mining.

To conclude, Offshore Wind Turbine report focus on Global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors, major types, major applications and etc. Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export, Industry chain, manufacturing process, cost structure, marketing channel are also analyzed in this report.

Energy and Clean Growth Minister Claire Perry said: "This new sector deal will drive a surge in the clean, green offshore wind revolution that is powering homes and businesses across the United Kingdom, bringing investment into coastal communities and ensuring we maintain our position as global leaders in this growing sector".

In a deal between the government and the offshore wind sector, industry players have agreed to invest £250m over the next 11 years in exchange for participation in £557m of state subsidies for renewable energy.

The government also hopes the deal will cement Britain's leading position in the technology and has set a target of boosting exports in the sector fivefold to £2.6bn a year.

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"An ambition of at least 30GW of offshore wind capacity is a fantastic start and we believe that we can go further and should aim to build as many offshore wind projects that are needed to help deliver decarbonisation".

Greenpeace said the 30 per cent target was too low, especially with problems in the nuclear industry.

The program will convene developing country governments, commercial developers, development partners, and wind energy experts to raise awareness around offshore wind opportunities in emerging markets and lay the groundwork for a pipeline of new projects that could be supported by World Bank or IFC financing.

The Crown Estate will also be releasing new seabed land from 2019 for future offshore wind projects.

New Report on Floating Offshore Wind Power Market (2019) offers complete outlook of market along with the impact of various Factors influencing the market growth and drivers.

The offshore wind industry has grown almost five-fold since 2011, with 23 gigawatts installed at the end of 2018 and a large volume of planned projects in Europe, China and the United States. "Wind and solar must be tripled between now and 2030, with offshore wind the future backbone of the UK's energy system".

Well, the government does seem to see potential for continued decarbonization.

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