Offshore Wind Market Report $19.8B Opportunity
Douglas-Westwood (DW) has released the fifth edition of the World Offshore Wind Market publication where we forecast offshore wind installations averaging 3.2 GW per year over the next 10 years. Capital expenditure is expected to hit a peak of €18B in 2016. The market will remain highly concentrated in the Northern European region, particularly in U.K. and German waters. The Chinese market will also grow quickly in the forecast period. Why Offshore Wind? Due to low carbon targets and a need to secure new energy supplies…
Offshore Wind Spend to Average $21B per year
Douglas-Westwood (DW) forecast offshore wind installations averaging 3.2 GW per year over the next ten years with capital expenditure hitting a peak of $24.1B in 2016. The fifth edition of DW’s World Offshore Wind Market Forecast launched 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.
Advisors Forecast Offshore Wind Market Through 2022
Energy advisors Douglas-Westwood will present at All Energy 2013, in Aberdeen, May 22, and Frank Wright, Renewable Energy Manager, will outline findings of the soon to be released Offshore Wind Market Forecast, giving a global overview of the industry through to 2022. Mr. Wright will be providing a global overview of the offshore wind sector as part of the offshore wind session titled “Current State of Play – and the Way Forward.” During his talk, Mr. Wright will present a summary of Douglas-Westwood’s most recent market forecasts including coverage of new capacity…
