Offshore Wind Final Investment Decisions to Grow Rapidly

Westwood: Offshore wind FIDs to skyrocket 57% outside China by 2022

New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals offshore wind energy projects final investment decisions (FIDs), outside mainland China, will grow 57% in the next 18 months, compared to the 2019-20 period. The growth represents an additional 20.4GW of new power capacity with just under a third of this activity being driven by emerging offshore wind markets such as the USA, Vietnam, and South Korea. The analysis comes as Westwood launches its new ... More: Official Press Release Westwood

Keywords:

Westwood, offshore, wind farm, China, order, FID, analysis, energy market, research, WindLogix, application, USA, Vietnam, South Korea, market