Abstract
The recent success of the offshore wind industry in Europe demonstrates that policy mechanisms can be instrumental in helping the industry effectively achieve and prove cost reductions. However, the lessons learned from Europe as well as observation of the successes and difficulties in other nascent offshore wind markets around the world suggest that, when formulating an effective policy approach, policy makers must consider a myriad of factors including how to manage the integration of power to the grid, promoting system flexibility, and power market design. Accordingly, policy approaches may vary market by market and depend, to a great extent, on the current stage of the market’s development.
Keywords
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Brown, C., Poudineh, R., & Foley, B. (2015). Achieving a Cost-Competitive Offshore Wind Industry: What Is the Most Effective Policy Framework? Oxford Institute for Energy Studies. https://www.oxfordenergy.org/wpcms/wp-content/uploads/2015/09/EL-15.pdf
Ederer, N. (2016). The Price of Rapid Offshore Wind Expansion in the UK: Implications of a Profitability Assessment. Renewable Energy, 92(2016), 357–365.
European Commission. (2014). Guidelines on State Aid for Environmental Protection and Energy 2014–2020. Available from: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52014XC0628(01)&from=EN
NERA Economic Consulting. (2017). Method or Madness: Insights from Germany’s Record-Breaking Offshore Wind Auction and Its Implications for Future Auctions. http://www.nera.com/content/dam/nera/publications/2017/PUB_Offshore_EMI_A4_0417.pdf
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 The Author(s)
About this chapter
Cite this chapter
Poudineh, R., Brown, C., Foley, B. (2017). The Implications for Policy. In: Economics of Offshore Wind Power. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-66420-0_9
Download citation
DOI: https://doi.org/10.1007/978-3-319-66420-0_9
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-66419-4
Online ISBN: 978-3-319-66420-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)