Offshore wind spending could average ‘€15bn a year’

The global wind industry is forecast to spend almost €15 billion (£12.8bn) every year for the next ten years to develop the offshore sector. Analysts at British firm Douglas-Westwood expect offshore wind installations to average at 3.2GW every year over the next decade, with capital expenditure hitting a peak of €18 billion (£15.4bn) in 2016. […]

Wave and tidal investment to hit £752m

A new report predicts that investment in wave and tidal energy will rocket to £752m over the next five years. In its World Wave & Tidal Market Report, energy analyst Douglas-Westwood states that installations in 2011 will be more than double those in 2010. A total of 150MW of wave and tidal capacity is forecast […]