Investments in Renewable Energy To Boost the Offshore Wind Turbine Market

The offshore wind turbine market is USD 6,762 million in 2023, which will touch USD 24,603.5 million by 2030, progressing at 21% between 2024 and 2030. This is because of the application of promising policies by the government in numerous countries, huge investments in renewable...

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Why Are Offshore Wind Turbines Being Set Up around the globe?

“Global installed wind-generation capacity onshore and offshore has increased by a factor of almost 75 in the past two decades, jumping from 7.5 gigawatts (GW) in 1997 to some 564 GW by 2018.”, the International Renewable Energy Agency (IRENA) says. It goes on to say that the...

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