Offshore wind turbines are much like onshore wind turbines regarding technology. They are usually larger, which is the major alteration in the amount of energy that is generated. The force of wind and its capability to change wind energy into electrical energy is much enhanced when there are no disruptions in the sea. These kinds of turbines are considerably larger than onshore wind turbines. The offshore wind turbine market was valued at $24,683.3 million in the year 2019, and it will reach $68,869.3 million by 2026.

Electricity offered by offshore wind turbines was quite expensive in the past. To satiate the need for energy, a lot of smaller turbines were fitted. Since then, incessant expansions in turbine technology are increasing turbine capacity and generating more energy, and obtaining substantial savings. Wind turbines having higher capacity produce more electricity. Before 2018, a large number of offshore wind turbines had a capacity of <10 MW. The first wind turbine having a double-digit capacity, the V164-10.0 MW, was shaped by MHI Vestas Offshore Wind A/S in September 2018. 

Government and private funding for renewable energy are growing across the globe because of rising air pollution. Because of the inadequate fossil fuels, numerous private and government administrations focus on clean and non-conformist sources of electricity generation.  Energy from fossil fuels has key ecological influences and there is a problem with the disposal of waste. Also, governments globally are slowly reducing conventional energy supplies and investing profoundly in renewable energy sources to achieve future energy demands.  As per IRENA, global funding in offshore wind energy increased from $64.88 billion in 2013 to $103.50 billion in 2017.

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According to the Climate Change Committee's Sixth Carbon Budget, the U.K. would consume more than twice as much power in 2050 as compared to its current power consumption requiring four times more clean energy generation and double the volume. The U.K. administration has proclaimed striving plans for developing offshore wind power to 40 GW by the year 2030, triplicating the current capacity. 

Because of the growing count of government initiatives for heartening offshore wind power, APAC will have the greatest number of windmill fittings on oceans, seas and lakes. Also, the rising increasing need for energy and a rising focus on lowering the dependence on fossil fuels for producing energy are growing the need for offshore wind turbines in the region.

Furthermore, the Government of China plans to install 400 gigawatts of wind turbines throughout the country by 2030. In 2019, Guangdong, Fujian, and Jiangsu accomplished their goals of 2GW,2 GW, and 3.5GW offshore wind power capacity.

Offshore wind energy has incredible potential to become the future of power generation, because of the incessant funding and technical investments done by governments all around the globe.