Offshore Wind Energy Market to surpass $60bn by 2024 Offshore Wind Energy Market

Global Offshore Wind Energy Market to surpass
$60bn by 2024: Global Market Insights Inc.
Offshore Wind Energy Market to exceed USD 60 Billion by 2024; driven by growing
adoption of clean energy sources and increasing demand for electricity. Shifting
focus toward renewable power generation to mitigate the harmful GHG emissions
will positively impact the offshore wind energy market. In addition, favorable
legislative reforms and fiscal assistance to capitalize on the extensive offshore
potential will further augment the industry landscape. For instance, the DOE’s Wind
Energy Technologies Office (WETO) funds the research, development and
deployment of offshore wind technologies in the U.S.
The U.S. offshore wind energy market is projected to exceed USD 5 Billion by 2024.
Recent discovery of potential sites coupled with crucial investments to improve the
offshore supply chain will drive the industry size. In April 2018, BNOW in
collaboration with Société Générale, a French multinational, held a workshop with
experts working in the offshore industry to improve the investments in the U.S.
offshore sector.
Offshore Wind Energy Market
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