2022-01-18
http://w3.windfair.net/wind-energy/news/39148-rystad-energy-investment-offshore-country-gap-spending-o-g-oil-gas-region-china-rapidly-capacity-wind-farm-gw

Offshore wind investments close gap to fossil fuels

Image: PixabayImage: Pixabay
The rapidly growing offshore wind sector is forecast to reach a market size of $87 billion by 2030, says Rystad Energy.

Official Press Release Rystad Energy:

Offshore wind spending is closing the gap against O&G, will exceed it in more regions by 2030

Wind Industry Profile of
Offshore wind spending is closing the gap against O&G, will exceed it in more regions by 2030

Offshore wind spending is increasingly closing the gap on oil and gas (O&G) investments and is forecast to surpass them in several key markets by 2030, Rystad Energy analysis indicates. While global O&G capital expenditure will rise nominally in this timeframe, anticipated growth in offshore wind investments will bring Europe, the United States and Asia (excluding China) to the tipping point before the end of the decade.

Although we expect global offshore O&G expenditure to increase marginally to more than $140 billion by 2030, the rapidly growing offshore wind sector is forecast to reach a market size of $87 billion over the same period – a 70% increase compared with 2021's market value of $50 billion. Furthermore, estimates show that less than $10 billion will... ... More: Official Press Release Rystad Energy

Keywords:
Rystad Energy, investment, offshore, country, gap, spending, O&G, oil, gas, region, China, rapidly, capacity, wind farm, GW







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