How to successfully develop offshore wind in emerging markets

The World Bank’s Energy Sector Management Assistance Program (ESMAP) released today a report distilling experiences from established offshore wind markets into key success factors for emerging markets.

Offshore wind is a rapidly growing industry which holds tremendous promise for many emerging markets as a large-scale, clean, reliable form of new electricity generation with the potential to stimulate valuable economic benefits, reduce emissions and increase energy access. Modelling of global decarbonization scenarios suggests that up to 2,000 gigawatts (GW) of capacity will need to be generated to reach net-zero emissions by 2050. Emerging markets hold an unrealized potential of over 16,000 GW of technically extractable offshore wind resources. However, according to... ... More: Official Press Release ESMAP

Keywords:

ESMAP, offshore, wind, development, emerging market, market, scale, volume, decarbonization, World Bank, report