Using the Second-Mover Advantage: How Asia Could Leverage a Decade of European Offshore Wind Developments
Offshore wind energy is maturing quickly and on the verge of becoming one of the most competitive renewable energy technologies. European projects in the North and Baltic Seas have pioneered the industry and the learning curve has been steep. Progress in project management and spatial marine planning approaches have led to substantial drops in both CAPEX and OPEX. Of central importance in this context is the identification of the best wind resources and to link this data to other relevant parameters such as bathymetry, sea bed condition, distance to terrestrial grid connections and potential conflicts with other marine uses such as shipping and fishing. This presentation illustrated how Asian countries could leverage their “second mover advantage” when developing their offshore wind energy potential by building on European experiences from early generation projects.