Asian offshore wind market challenging Europe's dominance

OFFHSORE wind development investment in Taiwan, Japan and Vietnam outpaced Europe for the first-time last year according to analysis from Renewables Consulting Group, as construction and power purchase agreement costs continue to bring down the cost of developing farms.

Asian offshore wind market challenging Europe's dominance Asian offshore wind market challenging Europe's dominance Asian offshore wind market challenging Europe's dominance Asian offshore wind market challenging Europe's dominance Asian offshore wind market challenging Europe's dominance

US nipping at the UK and Taiwan’s heels

 
The report said spending capital on offshore wind in the Asia Pacific reached more than US$10 billion in 2019, more than double Europe's US$5.5 billion.