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offshore wind energy

Global Offshore Wind Energy Market Size to Reach USD 81 Billion by 2030

A new report by insightSLICE has found that the global offshore wind energy market size was USD 23 billion in 2019 and has predicted that the market will reach USD 81 billion by 2030 at a CAGR of 12 percent. According to International Energy Agency (IEA), the offshore wind generation turbines with capacities reaching a […]

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Doors now Open for Offshore Wind Energy in Poland

The Polish government and Polish wind energy industry signed a “Letter of Intent on cooperation for the development of offshore wind energy in Poland”. On July 1, 2020 representatives of the Polish government and Polish wind energy industry signed a “Letter of Intent on cooperation for the development of offshore wind power in Poland”. The […]

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1400 GW of Offshore Wind Energy Predicted by 2050 by OREAC

OREAC has a vision for 1400 GW of offshore wind capacity globally by 2050 to drive decarbonisation and a green economic recovery from the COVID-19 crisis. The Ocean Renewable Energy Action Coalition (OREAC), on the occasion of World Ocean Day on June 8, 2020, has announced its vision for 1400 GW of offshore wind capacity […]

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Five of the World’s Largest Offshore Wind Energy Farms

A list of five of the world’s largest offshore wind energy farms which are currently in operation, and a few upcoming projects that can disrupt these rankings. Offshore Wind Energy is a technology that just a decade ago was struggling to establish long term viability, even as Onshore wind energy was making giant strides.  There […]

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Offshore Wind Energy Major Ørsted Posts Strong Q1 Numbers

Ørsted has released its interim report for Q1 2020, reporting an operating profit of DKK 6.8 billion up 33 percent over the same quarter last year. Global offshore wind energy leader, Ørsted has released its interim report for the first quarter (Q1) of 2020. The firm has reported an operating profit (EBITDA) of DKK 6.8 […]

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GE to Help Deliver Offshore Wind Energy to 375,000 homes in Scotland

GE has been awarded a project for the commissioning of onshore and offshore wind substations for the NnG offshore wind farm off the coast of Scotland. GE Renewable Energy’s Grid Solutions business has been awarded a multi-million dollar project for the design, supply, construction and commissioning of onshore and offshore wind substations for the Neart na Gaoithe […]

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India has an Offshore Wind Energy Potential of 70 GW, 0 GW Fulfilled

MNRE has revealed that India has an offshore wind energy potential of around 70 GW, mainly distributed along parts of the coast of Gujarat and Tamil Nadu. The Ministry of New and Renewable Energy (MNRE) has revealed that based on studies, India has an offshore wind energy potential of around 70 GW, mainly distributed along […]

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European Offshore Wind Energy Goals are Achievable: Report

The European Commission’s big goals for offshore wind, between 230 and 450 GW by 2050 are achievable provided right investments and spatial planning A new report has predicted that the European Union (EU) Commission’s big goals for offshore wind – between 230 and 450 GW by 2050 – are achievable provided the right investments in […]

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Offshore Wind Energy in India Ready to be Explored

A new study by JMK Research and Analytics takes a look at the offshore wind energy sector in India, the challenges and the opportunities. Offshore wind turbines harness sea winds to generate power. They work in the same way as an onshore wind turbine, the only difference being that in offshore wind, turbines can be […]

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