Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than
ever before as new and existing players look to tap the huge resource potential being unlocked by shrinking costs and technological advances, as outlined in a recent comprehensive market report.
In the coming two decades, the rapidly maturing offshore wind market is expected to become a trillion-dollar business as the pace of installed capacity growth accelerates, according to World Energy Reports’ (WER) Outlook for Offshore Wind Power: The Frontier of Future Energy, which was published in June.