💨Offshore wind turbines are significantly larger than onshore turbines, with capacities ranging from 12 to 16 megawatts, and even larger units being developed.
🌊Engineering innovations, such as different support structures like monopiles and jackets, have been developed to withstand the harsh offshore environment.
💲The capital cost of offshore wind is higher than onshore wind, making it one of the most expensive renewable energy technologies. However, there are advantages such as higher energy output and the potential for higher revenues due to uncorrelated generation profiles and peak demand alignment.
🌍Offshore wind farms have lower environmental impact and social acceptance issues compared to onshore wind farms, as they can be located further from populated areas and offer better aesthetic and noise mitigation.
📉The offshore wind industry faced challenges in 2023, with rising costs leading to project disputes and cancellations, particularly in New York and the UK.