In a context of strong commitment to greenhouse gas emissions reduction, a desire to diversify the energy mix, and uncertainty surrounding the price of fossil fuels, the large-scale deployment of renewable energy capacity is indispensable to Europe moving forward.
Offshore wind energy represents a significant future opportunity for European countries to meet these targets: there is sufficient space available offshore and as cost go down rapidly it is becoming a competitive alternative to fossil fuel based power plants. While in other regions of the world offshore wind energy has just started to develop, the European offshore wind industry can rely on over 20 years of experience.
As you will see in this publication, offshore wind is becoming increasingly competitive. Costs have come down rapidly and governments are increasing the planned pipeline of offshore wind projects. While subsidies have played a large role in the roll-out of offshore wind to date, many governments are now contemplating phasing out subsidies for the sector in the long to medium term. Until that time, the subsidy and fiscal structures still play a vital role in the sector.
In this publication we highlight the general offshore wind developments in 6 countries (Belgium, Denmark, France, Germany, the Netheralnds, the United Kingdom), as well as the subsidy and tax regimes in these countries.
For more Information read the full article: Offshore_Wind
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