NewEnergyNews: World Ocean Wind To Quadruple by 2025

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    Friday, January 12, 2018

    World Ocean Wind To Quadruple by 2025

    Offshore Wind Energy Market’s Cumulative Offshore capacity is Expected To Reach To 49,931.6 MW By 2025…

    Steve Carl, January 4, 2018 (M.C. Today)

    “…[O]ffshore wind installations reduces the impact on real estate as in onshore installations…[and] wind speed is uniform and consistent in offshore installations, which increases the efficiency of electricity generation…[That makes offshore wind energy] highly attractive and more promising in terms of power generation and grid connections…[Restraining factors include exposure] to high humidity and salt contents, which affects service life of components due to corrosion, oxidation and increased repair and maintenance costs…[O]ffshore installation costs are much higher than onshore. The repair maintenance and overhauling operations are also high cost and time consuming…[According to Global Offshore Wind Energy Market– Growth, Future Prospects and Competitive Analysis, 2017 – 2025,] the offshore wind energy market volume is expected to reach to 49,931.6 MW by 2025 [from today's 13,000 MW. Key trends include rising] investor confidence in the offshore wind energy market…[and deployment of 8MW and above wind turbine in European and Chinese farms…” click here for more

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