The attitude not just in governments but in banks and investments houses too toward offshore wind has changed radically in recent years with the cratering of its LCOE [levellised cost of energy] as we have seen. For many emerging markets – you list Brazil, Indonesia, India, South Africa and Vietnam, for example [in the World Bank press release announcing the programme], the potential to develop its offshore wind resource is suddenly a possibility.
'As the World Bank, in the long-run, we want to finance this'
The World Bank and the International Finance Corporation last week launched a $5m programme to fast-track take-up of offshore wind energy in developing countries. Darius Snieckus spoke with Oliver Knight, who is co-leading the project