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The offshore wind market is set to grow across the Asia-Pacific region at an unprecedent pace. At the heart of the growth will come from Japan, South Korea, and Taiwan, which together plans to add around 28 GW over next decade from less than 1 GW today. Despite its high generation cost compared with other renewable sources, the offshore wind market is gaining momentum as high subsidies from the government make these technologies cost competitive. However, some obstacles such as opposition from the fishery industry, complicated permitting process, and local content requirement pose major threats to attain the government's ambitious goal. In this webinar, we will discuss the key policy drivers, market outlook, competitive landscape, and opportunities and challenges for international players.
This presentation will end with a live Q&A session.