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XTB Analysis: Offshore wind energy could be one of long term answers to many climate and economic challenges
Offshore wind energy produced in wind turbine groups located in seas and oceans, in the vicinity of coasts or far from the seashore, could be one of the long term answers to many climate and economic challenges, according to an analysis of the brokerage house on XTB Romania international exchanges.
Energy production may grow by 47% until 2050. In the US, oil and natural gas will continue to be the main production source. The wind energy market continues to concentrate on onshore wind energy : 81% of new installations in Europe were onshore.
“At global level, the massive increase of the sector is estimated to come after cumulative investments of about 1 trillion dollars in 2031. The global installed capacity will grow ten times in 11 years, until 2031, to 330 GW.The investment wave will be headed by China, Great Britain, USA and Germany. Romania has in plan to develop offshore wind energy in the Black Sea. Romania could use a part of PNRR resources to support the development of the sector, taking into account the right placement to observe environment constrictions,” according to the analysis made by XTB Romania international brokerage house.
Romania intends to develop offshore wind energy in the Black Sea. The capacity planned by WPD Germany for the two Black Sea projects is 1.9 GW.
According to the World Bank, Romania has a potential of 76 GW offshore wind energy, of which 22 GW on platforms to 50 m depth, and the rest n floating platforms.