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

Torres de energia eólica em alto mar

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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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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

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

Offshore Wind Energy Market Is Expected to Grow More in 2021

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Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

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