Offshore wind power generation is the newer approach for harnessing wind energy. Offshore wind power is advantageous for cost and technological considerations, because of which it is already in the energy planning charts of several governments around the world. The potential of wind power and the necessary infrastructure for harnessing this type of energy are discussed in this report. For offshore wind power operations, large vessels that are specifically built to install a large number of wind turbines are the prime requisite. The report delves into the various aspects that will increase the utilization of these vessels for wind energy generation globally in 2016. In Europe, offshore wind is an essential component in the region’s binding target to procure 20% of the total energy requisite from renewables. The advent of offshore wind power has also had financial implications. The company has announced its intentions to develop the world’s biggest offshore wind power operation in the Irish Sea, to be located at a distance of 19 kilometers from the Cumbrian coast. The report analyzes the steady growth trajectory exhibited by the offshore wind power market across the world.
The top manufacturers that are involved in the business are mentioned and a competitive profile provided for each of them. These companies are A2SEA, Seajacks, Geosea, Jack-up Barge, Swire Blue Ocean, MPI-Offshore, Fred. Olsen Windcarrier, Van Oord, SEAFOX, and Gaoh Offshore.