Offshore Wind Market
The offshore wind energy market is expected to grow significantly over the forecast period, owing to rising demand for clean energy and a greater emphasis on reducing carbon emissions. Offshore Wind Market generation is a renewable form of energy generation that takes advantage of the power of the wind produced on the high seas, where it moves at a much higher and more consistent speed than it does on land due to the absence of multiple barriers. The continued saturation of near-shore sites, combined with rising demand for high operational Capacity Utilization Factor (CUF) for offshore projects, is expected to drive industry growth.
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