ShippingWatch

Analysis predicts explosive growth in offshore wind

The number of offshore wind farms will multiply in the years to come, and the market will experience an annual growth of up to 15 percent ahead of 2022, according to new report. The North Sea will drive a big part of the growth.

In the years to come the number of offshore wind farms will multiply. This development is likely to please companies such as A2Sea, Swire, and Esvagt, as it creates a huge growth potential for the Danish players in offshore wind.

A new report developed by BMT/Naviant for the two Danish shipowners' associations - the Danish Shipowners' Association and the Shipowners' Association of 2010 - maps the global extent and potential of offshore wind farms, showing that the market will experience an annual growth of 13.1 to 15.4 percent ahead of 2022, while the global energy production from offshore wind farms will grow from 5.1 giga watts (GW) in late 2012 to around 80 GW by 2022.

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