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Offshore Wind Power Market – Global Opportunities and Forecast, 2020-2027 - Gurgaon
Saturday, 18 July, 2020
Item details
City:
Gurgaon, Haryana
Offer type:
Offer
Item description
The rising number of government initiatives, along with the increasing energy demand and the growing number of offshore wind power plants across the globe, are the significant factors that are driving the growth of the market.
The primary factors contributing to the growth of the offshore wind power market include the growing government initiatives to decrease carbon footprint, the increasing energy demand, and the rising share of renewable energy in the power generation mix, and is highly cost-efficient as compared to the traditional turbines. In the past few years, the cost of offshore wind power has significantly dropped as compared to the onshore wind generation as the designs of offshore wind turbines were technically challenging, facing both aerodynamic and hydrodynamic loads. However, along with passing years, several changes have been made in turbine design. Through technical innovation, the turbine equipment manufacturers have been able to decrease the turbine cost and managed to decrease the total mass. Thus, the increasing growth in the capacity of the off-shore wind power turbines, upscaling of the wind turbine, and design improvement, is further surging the growth of the offshore wind power market share in terms of revenue.
The primary factors contributing to the growth of the offshore wind power market include the growing government initiatives to decrease carbon footprint, the increasing energy demand, and the rising share of renewable energy in the power generation mix, and is highly cost-efficient as compared to the traditional turbines. In the past few years, the cost of offshore wind power has significantly dropped as compared to the onshore wind generation as the designs of offshore wind turbines were technically challenging, facing both aerodynamic and hydrodynamic loads. However, along with passing years, several changes have been made in turbine design. Through technical innovation, the turbine equipment manufacturers have been able to decrease the turbine cost and managed to decrease the total mass. Thus, the increasing growth in the capacity of the off-shore wind power turbines, upscaling of the wind turbine, and design improvement, is further surging the growth of the offshore wind power market share in terms of revenue.
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