Economics of Offshore Wind Power by Rahmatallah Poudineh Craig Brown & Benjamin Foley
Author:Rahmatallah Poudineh, Craig Brown & Benjamin Foley
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham
5.4 Evaluation and Discussion
As it can be seen from Fig. 5.3, although most of the industry growth has happened over the last 15 years, countries have had different degrees of success which place them at different stages of market development. Also, as is summarised in Table 5.3, the main adopted policy schemes around the world are variations of an FiP in the form of CfD, FiT, RPS, and ITC. The usage of a specific support policy, to a great extent, depends on the context, including institutions, market structure, technology maturity, and risk, amongst others.
Fig. 5.3The growth of offshore wind installed capacity in the main markets (Source: Authors)
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