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Offshore Wind Power
Offshore Wind Power
“Offshore Wind Power - Global Capacity, Equipment Market Share, Technological Roadmap, Cost Analysis and Regulatory Framework to 2020” is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Global Offshore Wind Power market.
Hyderabad,
AP,
India
(prbd.net)
15/12/2010
The population of the world has been increasing at a rapid pace in the last few decades and this has lead to an increase in demand for a number of resources like water, food and energy. The population of the world doubled from 3.2 billion in 1962 to 6.4 billion in 2005 and is forecast to reach 9.2 billion in 2050. Natural resources such as coal, oil and gas are fast depleting and the fear of climate change is putting pressure on the energy sector to move away from non-renewable sources for producing energy and concentrate on renewable sources to meet energy demands.
The energy industry is facing challenging times, meeting energy demands in the face of depleting natural resources while simultaneously reducing carbon emissions. This is coupled with the slow pace of technological innovation in renewable energy and the political instability of oil and gas producing nations.
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The total world energy consumption stood at 9,323 Mtoe in 2001 and it rose to 11,484 Mtoe in 2009. Wind has a huge potential to act as an energy resource. Wind power is the conversion of the energy present in wind into a useful form of energy by using turbines, mills and pumps. As of 2009, the total global installed capacity for wind energy is 160 GW and it is expected to grow in the future. Wind energy is an attractive source of energy as it is clean, plentiful, and renewable and produces no greenhouse gases.
Offshore wind power is being increasingly explored across the world for its high yield due to stronger and more consistent winds compared to onshore wind power and the scope to construct massive GW-scale projects. Currently, offshore wind energy installations form a small part of the overall wind power market worldwide. However, huge potential exists for the offshore wind to become one of the major sources of energy in the future.
There is a huge potential of offshore wind power in the North Sea, the East coast of the US, and in the East China Sea. As wind power is the most sustainable and cheapest of the renewable sources of energy, it is expected to grow significantly in future.
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