Europe Fixed Offshore Wind Energy Market Trends

Fixed Offshore Wind Energy Market Trends

Ongoing technological advancements, government policies & mandates, along with increasing demand for renewable energy are some key factors which will influence the industry statistics. Major advantages including higher efficiency, capability of producing more energy per unit, along with reducing overall project costs will positively impact the business dynamics.

Additionally, advancements in foundation technology, such as monopile and jacket foundations, are enabling projects to move into deeper waters which will boost the business scenario. Countries with strong climate policies, such as the UK, Germany, and the Netherlands, are providing significant policy support through subsidies, auctions, and targets for offshore wind capacity which will enhance the industry growth.