IEA bets on offshore wind energy profit

The International Energy Agency (IEA) recently stated that it is betting on the development of offshore wind energy as an important pillar for the global energy supply. That’s because evolution technology and, consequently, cost reduction have contributed to the Scenario.

The IEA also recalled the importance of replacing fossil fuels by renewable energies to achieve the overall target of limiting the temperature increase. According to studies by the entity, the expansion of of the offshore wind method would prevent the issuance of five to seven billion tons of carbon dioxide.

Wind turbines in the seas are currently responsible for production of only 0.3% of global electrical generation. However, Faith Birol, IEA’s executive director, believes in the potential of this type of energy. Still according to the agency, generation capacity is expected to grow 15 times in the next 20 years and will make offshore wind power a new one trillion deal of dollars.

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