Opportunities in Global Onshore and Offshore Operation & Maintenance Market
Key objective is to analyze different factors
contributing opportunities in operation and maintenance
market for onshore and offshore wind energy.
Key Learning:
·
Comparison of relative growth rates of
onshore vs. offshore wind energy and O&M market as
well as a comparison of O&M cost incurred by onshore
vs. offshore
·
Global wind O&M market estimated at
US$4.2Bn in 2010, and expected to grow at 19% CAGR
to reach US$11.8Bn in 2016.
·
Brief explores some of the key core
capabilities for on shore markets relative to
offshore markets
US Wind Market Opportunity 2011-2016
Key Learning:
·
U.S wind markets largely driven by
state level RPS targets combined with federal
subsidies and incentives
·
Strong growth expected in the
foreseeable future seen in Kansas, California and
South Dakota
·
While strong growth is expected,
potential for continued volatility in the US market
remains
·
Lack of long term Federal Energy
Policy combined with State Level connectivity issues