Global Offshore Wind Power Market Forecast To 2025
Authors: Sara Verbruggen, Windpower Monthly correspondents
Published: July, 2015
Pages: 94 | Tables: | Figures: 34

So far 2015 has turned out to be a challenging year for the offshore windpower industry, with all the key markets experiencing significant setbacks. This report examines the current status and outlook for the main offshore wind markets around the world, including capacity forecasts for the next decade using proprietary data held by WPO Intelligence. Focusing on the three major offshore wind power regions – Europe, Asia-Pacific and North America – it provides an overview of existing support mechanisms, latest and planned project developments, and the key political, financial and technical challenges facing the industry. It also highlights the key turbine suppliers in these main markets currently and those expected to dominate activity over the next decade. Detailed forecasts for new capacity additions to 2025 are also included, both for each region and individual countries.

Find out about

  • Key issues affecting the windpower market
  • Planned policy support
  • Key drivers and market trends shaping the industry’s future

What do you get?

  • Quantitative and Qualitative forecasts of the EMEA wind markets broken down by
    country
  • Multiple tables of data and statistics illustrating trends influencing the market
  • Detailed analysis and commentary from our team of dedicated wind power experts

What’s included in the price?

  • A hard copy of the report
  • Electronic version with searchable PDF
  • Global intranet licence, allowing data to be distributed throughout your organisation

How will Intelligence benefit you?

  • Stay ahead of the competition by getting the latest industry figures and analysis
  • Pinpoint growth and identify factors driving change
  • Plan for the future with confidence

Summary

This report examines the current status and outlook for the main offshore wind markets around the world, including capacity forecasts for the next decade using data held by WPO Intelligence. Focusing on the three major offshore wind power regions – Europe, Asia-Pacific and North America – it provides an overview of existing support mechanisms, latest and planned project developments, and the key political, financial and technical challenges facing the industry

Methodology

The Global Offshore Wind Energy Forecast to 2025 report was created by taking into account the installed capacity for operational, under construction and planned wind offshore power plants in each country of the world. These data were taken from the WPO Intelligence database on 19 May 2015 and the regional trends were identified with robust data-mining techniques.

The WPO Intelligence database offers real time data for each wind offshore power plant from the date of the announcement to the connection to the grid and repowering date of each power plant. Experts located in different regions of the world keep track of changes at individual power plants and update the WPO Intelligence database when new information becomes publicly available. WPO Intelligence experts also obtain non-publicly available information by contacting people involved in the lifetimes of individual power plants in order to ensure that the pipeline data are up to date. Information regarding the companies involved as well as the turbine technology of the individual projects is also included in this database.

The market forecast in this report was created according to the policy framework under which these offshore wind power plants were defined. The targets and the implementation capacity of the individual governments in combination with the efficiency of the procedures of each country were taken into account to form our long-term forecast. Limitations exist in our ability to forecast with absolute accuracy individual trends in certain countries due to the lack of publicly available information as well as political uncertainty. On these occasions, our analysts assume that the existing political framework will remain the same in the long term and historical trends define governmental efficiency.

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