Asian governments' ambitious offshore wind goals a 'mighty tall task': analyst

Asia-Pacific offshore wind markets outside China face a “mighty tall task” to hit stretching 2030 build targets set by their governments, said a leading analyst following the regional sector.

Nations such as Taiwan, Japan, South Korea and India have between them set goals to have 63GW of wind in the water by the end of the decade, Robert Liew, principal analyst at Wood Mackenzie, told the eighth Asia Offshore Wind Day industry event.

But Liew told the conference organised by the Asia Wind Energy Association the push from around 400MW in place now is a “mighty tall ask”, given current policy momentum, grid challenges and pressure on the sector to reduce costs while meeting localization demands.