Current Support Policies to Promote Offshore Wind Power
Given the cost and risk involved, the growth and development of the offshore wind industry are still reliant on government subsidies. This chapter reviews the support schemes implemented in the main offshore wind markets of Asia, Europe, and the United States, and evaluates their performance. The examination of offshore wind markets shows that the design of an effective support scheme depends, to a large extent, on the specifications of the market and the degree of technology maturity. The results of our analysis in this chapter provide insights on the ways in which support schemes for the offshore wind industry can be designed and implemented.
KeywordsOffshore wind support policy European offshore wind market Asian offshore wind market American offshore wind market
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