Offshore Wind power is the electricity generated by using wind farms installed offshore, usually on the continental shelf, to harness wind energy. The winds blowing offshore are much harder and uniformly flowing than those on land. For an increase in the speed of wind by a mile per hour, electricity generated triples, making offshore wind energy a much-interested option for ... Read more

The offshore wind market is expected to grow from an estimated USD 27,019.1 million in 2017 to USD 55,109.6 million by 2022, registering a CAGR of 15.32% from 2017 to 2022. The global market is witnessing significant growth due to rising energy demand coupled with increasing share of renewables in the power generation mix, regulations on energy efficiency, growing trend of industrialization and ... Read more