Boston Consulting Group concludes in a new analysis that offshore wind could be a booming business. However, this requires that European policy makers support the industry which has potential to grow to a total value of EUR 700 billion by 2030.
"Whether we see accelerated or business-as-usual growth depends on better auctions, investment in electricity grids, supportive public policies, and power market changes. Wind farm developers, installers, and suppliers need to future-proof their business models by making smart decisions about the evolving landscape and gaining a better understanding of the risks and opportunities associated with a variety of scenarios," write the consultants.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.