Offshore Wind
Since the first wind farm built in Vindeby (Denmark, 1991) until Beatrice project (Scotland 2007) offshore wind technology has suffered a notable development. Nowadays we can observe how the sector is moving towards larger turbines and bigger wind farm projects, as well as to higher distance to shore and an increasing size of wind farms. This is translated into a better perspectives for investors and can solve one of the main disadvantages of this kind of technology. Construction costs can be compensated faster with a high efficiency, for instance some recent studies have calculated that that return on investments for offshore developments can be higher than 18 percent. In conclusion, offshore technology still growing, companies and governments are investing and announcing new turbine models and economic support. Unless current trends change, offshore wind will be able to double its capacity by 2020.
Source: AWEA