29 Apr '11, 2pm

Offshore wind market to surge over the next six years, a report predicts

29 Apr 2011: Offshore Wind Market To Surge In Next Six Years, Report Says A new report forecasts that offshore wind capacity worldwide will increase by a factor of 17 over the next six years, rising from 4.1 gigawatts of installed capacity today to a projected 70.1 gigawatts in 2017. While Wikimedia European nations, including the United Kingdom and Denmark, continue to be the leaders in the emerging industry, China’s offshore wind market is expected to pull even by 2017, according to the report by U.S.-based Pike Research. Although the offshore wind industry faces significant challenges, including high costs, some of the world’s best wind resources are located offshore, often in shallow ocean waters near urban population centers, said Pike senior analyst Peter Asmus. “Interest in freshwater offshore wind is also picking up, especially in the Great Lakes in the United Stat...

Full article: http://e360.yale.edu/digest/offshore_wind_market_to_surge...

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