Markets - 09/October/2020

Developing economies have much to gain from welcoming offshore wind

Offshore wind’s complexities and high capital cost make it harder for the sector to gain a foothold in developing markets

DECARBONISATION EFFORTS
As a large scale electricity generation technology, offshore wind can provide the power to meet baseload demand in emerging markets while at the same time reducing the carbon content of the growing supply mix

INWARD INVESTMENT
By attracting money from overseas, offshore wind construction and operation stimulates economies and provides local jobs, making it a desirable industry to establish in developing countries

KEY QUOTE
You can argue that the rationale for more offshore wind in emerging markets is greater than it is in developed markets
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