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Enoki Chen, DIGITIMES Research, Taipei [Wednesday 14 November 2012]
In the past, Europe has been the main market for offshore wind-generated electricity and about more than 50% of the systems are located in the UK. Over the past two years, a surge in such projects has emerged in non-EU countries. The US will begin its first electricity-generating off-shore wind power plan that will set up 130 wind turbines off the coast of Massachusetts. Japan, after the nuclear disaster in 2011, has been eager to develop offshore wind power. Under the national feed-in-tariff (FIT) program, the government has been cooperating with private firms to promote large-size electricity-generating offshore wind power projects. South Korea has been developing similar projects to help local wind power firms to grow. One of the obstacles to developing offshore wind power systems is the high cost. In 2016, electricity-generating offshore wind power system projects in various non-EU countries will begin, but Digitimes Research believes that the outcomes of these projects will have a bearing on investors' willingness to continue investing in wind power systems.
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