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2017 | OriginalPaper | Chapter

5. Current Support Policies to Promote Offshore Wind Power

Authors : Rahmatallah Poudineh, Craig Brown, Benjamin Foley

Published in: Economics of Offshore Wind Power

Publisher: Springer International Publishing

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Abstract

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.

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previous chapter Renewable Energy Support Policy Design

next chapter Cost Reductions and Innovation in the Offshore Wind Industry

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Title: Current Support Policies to Promote Offshore Wind Power
Authors: Rahmatallah Poudineh
Craig Brown
Benjamin Foley
Publisher: Springer International Publishing
Book: Economics of Offshore Wind Power
Print ISBN: 978-3-319-66419-4

Electronic ISBN: 978-3-319-66420-0

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-66420-0_5

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