Offshore Wind

How offshore wind contributes to development
The wind industry has a track record supporting economic growth, enhancing energy security, and creating new jobs in coastal communities while protecting and restoring ecosystems. Ocean-based wind turbines make use of a domestic, inexhaustible resource—wind—instead of imported fuels, reducing developing countries’ exposure to fuel price volatility and geopolitical supply risks. 

Clean offshore wind’s main challenge and solution
Offshore wind development is a complex undertaking with high capital requirements and infrastructure demands, while the industry faces additional pressures from economic volatility and supply chain challenges, such as infrastructure gaps and high cost of financing. ESMAP helps governments design and operationalize policy frameworks to accelerate offshore wind deployment.

_{Image Credit: Ørsted}