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Key Factors for Successful Development of Offshore Wind in Emerging Markets

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Charley Rattan's picture
World Hydrogen Leader , Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

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  • Jan 10, 2023
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Key Factors for Successful Development of Offshore Wind in Emerging Markets

This report complements the Program’s country specific work and is intended to help policy makers and government officials in the WBG client countries answer the questions “should we develop offshore wind?” and “what do we need to do to establish and grow a successful offshore wind market?”

To answer these questions, this report outlines the key success factors for each of the main “pillars” that are required to deliver an offshore wind industry. These key success factors are supported by numerous references, good practices, lessons learned, and case studies, which should help governments and civil servants to make informed, evidence-based decisions. While emerging markets can benefit from decades of experience from the evolution of established offshore wind markets, creating new industries in low- and middle-income countries will present new challenges to overcome.

Not all industry best practices will be appropriate or achievable in emerging markets. It is therefore important for governments in emerging markets to understand the key success factors presented in this report and use them as a guide to establish a new offshore wind sector within the local context.

Stay informed:  Offshore Wind and Hydrogen

 

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