Key Factors for Successful Development of Offshore Wind in Emerging Markets
Offshore wind holds tremendous promise for many emerging markets as a large-scale, clean, reliable form of new electricity generation with the potential to stimulate valuable economic benefits. However, developing a new offshore wind sector in an e...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/343861632842395836/Key-Factors-for-Successful-Development-of-Offshore-Wind-in-Emerging-Markets http://hdl.handle.net/10986/36399 |
| Summary: | Offshore wind holds tremendous
promise for many emerging markets as a large-scale, clean,
reliable form of new electricity generation with the
potential to stimulate valuable economic benefits. However,
developing a new offshore wind sector in an emerging market
is no easy task. Decision makers must strike a careful
balance as they consider a range of technical, political,
environmental and social challenges. Offshore wind
projectscombine the scale of large hydro and the complexity
of offshore hydrocarbon extraction, making them entirely
different from onshore wind or solar. Government support and
proactivity is, therefore, essential to develop a successful
new sector and deliver the high rewards that offshore wind
can bring. |
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