Thursday, 13 December 2018

Offshore-wind in Asia to be competitive with thermal power by 2025

Wind farm off Taichung city in western Taiwan Wind farm off Taichung city in western Taiwan

CAPEX for new-build offshore wind parks in Asia will soon be competitive with thermal power, with investors gearing up to participate in first-mover projects. According to Wood Mackenzie, “together with South Korea and Japan, East Asia needs around US$37 billion in investments to meet the mammoth growth in offshore wind capacity over the next five years.”

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