Worldwide construction of new offshore wind power plant is set to gear up exponentially with some 135GW of new turbines added in the coming decade en route to a 600GW market worth $1.4trn by 2050, as the industry wades out into deeper waters and heavily capitalised players, led by the oil operators, ramp up spending, according to the latest research from IHS Markit.
Big Oil and deep water to drive offshore wind to become $1.4trn market by 2050
Some 600GW of plant to be installed by mid-century as industry undergoes rapid expansion led by Europe and China, says IHS Markit report
13 May 2020 11:04 GMT
Updated
13 May 2020 11:50 GMT
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