The Global Wind Energy Council and World Bank Group are organising an intergovernmental forum on emerging offshore wind markets in London, an event that they anticipate will be particularly of interest to non-OECD governments.
The forum, which will take place 25-28 June 2019, will be attended by delegates from around 15 non-OECD governments as well as representatives from industry and investors.
It will include a seminar at the UK’s Department for Business, Energy & Industrial Strategy, networking activities at Renewable UK’s Global Offshore Wind conference and exhibition and a study tour of offshore wind facilities in the northern UK.
IFC Director and Global Head of Energy and Mining Bertrand de la Borde said, “We have seen that there is keen interest among emerging markets to explore the potential for offshore wind. This event will be an opportunity for delegates to learn about best practice that can be applied in the development of a competitive offshore wind sector in their home markets.”
GWEC chief executive Ben Backwell said, “We expect this event to be a major step forward advancing the adoption of offshore wind in developing countries. Countries have everything to gain in terms of attracting investment, creating jobs and benefiting from the cost-effective clean energy which offshore wind creates.”
The World Bank Group announced a new programme in March to fast-track offshore wind energy adoption in developing countries. Through that programme, supported by the UK, the World Bank and IFC will help emerging markets assess their offshore wind potential and provide technical assistance to develop a growing pipeline of projects that are ready for investment by renewable energy developers.
The offshore wind industry has grown nearly five-fold since 2011, with 23 GW installed at the end of 2018 and a large volume of planned projects in Europe, China and the US.
GWEC said offshore wind now represents about US$26Bn in annual investments, or 8% of new global investment in clean energy. This is set to increase dramatically, with the industry set to reach 210 GW of installed capacity by 2030, with US$500Bn expected to be invested in offshore wind projects.
The World Bank’s Energy Sector Management Assistance Programme is designed to help low- and middle-income countries implement environmentally sustainable energy solutions.