Report on $609 Billion Global Offshore Wind Industry

Quest FWE has published its “Global Offshore Wind Market & Forecast Report 2021 – 2034 Vol 2.” 

This comprehensive 168-page report dedicated to global offshore fixed and floating wind illustrates the growing market opportunities across the supply chain over the next approximately 15 years, including the most active developers, potential market size, pertinent project activity details, and other vital metrics illustrated by region and construction timeline. Quest has identified projects representing more than 208 GW of offshore wind scheduled for commissioning worldwide, a number that will grow exponentially following the addition of newly sanctioned projects and accelerated commercialization.

The accelerated energy transition is being led from more aggressive stated net-zero carbon emissions goals coupled with more influential economic and political factors along with shifts in societal preferences. This is matched by a corresponding increase in the role of renewable energy as the world increasingly electrifies. Environmental, social and governance (ESG) are drivers influencing the energy transition. In line with that, 2020 has been the year of aggressive commitments to net-zero carbon emissions by 2050 for a large swath of companies. This group has been led by Europe’s largest integrated oil companies: Shell, BP, TOTAL Energies and Equinor. This group remains at the forefront of their peers, and they are transparent about transitioning to cleaner energy in the future.

Source: Quest FWE

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