The offshore wind industry in the UK and around the world is undergoing immense growth. According to a report by Research and Market, the global market is expected to grow 12.3% between 2021 and 2026, with revenue increasing from $31.8 billion to $56.8 billion. With Ireland, Germany, France, Spain, South Korea, Japan and..
Posts about Offshore wind (5):
The biggest ever round of the UK government’s flagship renewables auction scheme was finalised last week with offshore wind emerging as one of the sector’s biggest winners. Fundamentally, these auctions represent another positive step in the longer-term realisation of the UK's offshore wind capacity. It will, however, be..
The European wind industry needs to slow down in its attempts to further drive down the levelized cost of energy (LCOE) and scale back on building bigger turbines. This, at least, is the view of K2 Management, a leading renewable energy engineering and project management consultancy, which believes that unless the inexorable..
Asia Pacific’s renewable energy potential is huge. The region is home to some of the fastest growing economies in the world and a rapidly expanding population. Unsurprisingly, the United Nations recently cited that the demand for energy is growing faster in this corner of the world than anywhere else. With an abundance of..
Renewable energy demand is increasing, most recently driven by a determination to reduce reliance on Russian oil and gas with a longer-term goal to achieve hugely ambitious net-zero targets set by governments all over the world. Ambitious pledges are being announced frequently – most recently the combined promise from..
According to a report for the European Union carried out in 2019 there is a total of 93GW of offshore wind potential in the Baltic States. These markets – Estonia, Latvia and Lithuania – are putting their collective foot on the accelerator to prepare for the big task ahead. But what potential do the Baltic States have for..