Offshore Wind Energy Investments Will Increase in 2021 with Emergence of New Markets

Written by Valdemar Medeiros

Published on 14/12/2020 at 10:08

Updated on 14/12/2020 at 10:12

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Investments in the Offshore Wind Energy Market Are on the Rise in Brazil and the World

Investments in offshore wind energy projects in new and emerging markets next year will mean that offshore wind will gain a larger share of the total global wind energy market, according to Fitch Solutions.

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There are currently over 66 GW of investments in offshore wind energy in pre-construction or construction of nearly 162 GW of wind energy projects in these phases, and most of them are in the Western Europe region. However, starting in 2021, countries outside this region will help drive growth, with the United States (9.1 GW), Taiwan (5 GW), South Korea (3.4 GW), and Poland (2.5 GW), along with the northeastern region of Brazil, being the most significant in this context.

Petrobras and Equinor Highlighted in Investments in This Market

Previously in 2018, Petrobras, the Brazilian oil and gas major, signed a Memorandum of Understanding (MoU) with Equinor to jointly develop the offshore wind energy segment in Brazil.

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Equinor recently announced that it submitted a request to the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) for an environmental impact assessment necessary to study the possibility of developing an offshore wind energy project in the country.

Offshore Wind Energy Market Is Expected to Grow More in 2021

Globally, the report forecasts an increase in the growth of offshore wind energy distributed generation capacity in 2021, as projects that were delayed in 2020 will be accelerated next year, especially those with tight commercial operation deadlines.

Brazil has been a hotspot for investments, with shareholders from other countries already eyeing Brazilian waters and winds for the application of the new offshore wind energy market.

Offshore Wind Energy Investments Will Increase in 2021 with Emergence of New Markets

Investments in the Offshore Wind Energy Market Are on the Rise in Brazil and the World

Read Also

Petrobras and Equinor Highlighted in Investments in This Market

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Offshore Wind Energy Market Is Expected to Grow More in 2021

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Offshore Wind Energy Investments Will Increase in 2021 with Emergence of New Markets

Investments in the Offshore Wind Energy Market Are on the Rise in Brazil and the World

Read Also

Petrobras and Equinor Highlighted in Investments in This Market

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Offshore Wind Energy Market Is Expected to Grow More in 2021

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

A retired engineer in Canada built a water wheel by the river next to his house that generates 36 kWh per day without needing a dam, and now it produces so much energy that he exports the surplus to the power grid.

Without a blueprint, without an engineer, and using scrap from the dump, a father spends 15 years building an 18-room castle for his daughter, featuring tram tracks, 13 fireplaces, and over 700 m², which may now be demolished.

The U.S. Army surprises the world by presenting the UH-60MX Black Hawk helicopter capable of flying without pilots, controlled by a tablet, featuring the MATRIX system, smart sensors, and full autonomy in real combat and rescue missions.

USP opens 10,000 spots in a free 100% online course lasting 110 hours in areas such as nutrition and health, with registrations until April 15 and classes on diabetes, obesity, and educational public policies.

YouTuber creates an excavator equipped with a giant 4.5-meter sword to challenge his brother to a rematch, and the invention quickly goes viral on social media.

Scientists from an international project drill 1,800 meters of ice in Antarctica using hot water and discover details about one of the most intriguing places on planet Earth.

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A retired engineer in Canada built a water wheel by the river next to his house that generates 36 kWh per day without needing a dam, and now it produces so much energy that he exports the surplus to the power grid.

Bauer Group collapses after failed judicial recovery: 25 years, 800 vehicles, and a network of gas stations leave a debt of R$ 50 million and 100 layoffs, exposing costs, tight margins, and expensive credit in Brazil.

A huge Maya city has been detected beneath the Mexican jungle with the help of LiDAR, a system that shoots laser pulses from above to map the ground beneath the vegetation, revealing 6,764 structures.

The law that many elderly people are still unaware of protects those aged 60 and over against abusive charges from banks, guarantees debt renegotiation, and prevents loans and credit cards from consuming their entire retirement pension.

About 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland, with houses forming a continuous row and narrow agricultural strips emerging behind them, creating one of the most unusual rural patterns in Europe.