WFO Regulatory Framework In Selected Jurisdictions
World Forum Offshore Wind (WFO) is the world’s only organisation 100% focused on promoting offshore wind energy on a global scale. WFO is registered as a non-profit organisation in Germany, with offices in Hamburg, Tokyo, Taipei and New York.
The economic and ecological potential of offshore wind turbines is far from exhausted, according to the assessment of the international law firm Hogan Lovells and the WFO.
WFO’s international members represent the complete offshore wind value chain including utility companies, manufacturers, service firms as well as other non-profit organisations. WFO’s unique global profile facilitates access to governmental and international forums in order to open new offshore wind markets and to advocate for global offshore wind growth.
Together with Prof. Dr Martin Skiba and Gunnar Herzig from the WFO, the expert for offshore projects has now presented the handbook, as a comprehensive review of the public and regulatory framework conditions of worldwide offshore wind power markets.
Worldwide, experts anticipate the capacity of offshore wind energy facilities to increase to over 70 gigawatts by 2030, with Europe contributing 40 GW. The market is expected to grow by USD 230 billion by the end of this decade.
According to Gunnar Herzig, Managing Director of the WFO, there are three main reasons for the global breakthrough of offshore wind power: cost reductions, technical maturity and global support.
The global demands for CO2-friendly energy alternatives as well as the rapid development on the offshore wind markets make it almost impossible for even the most knowledgeable offshore wind experts to keep track of all regulatory developments and changes in the different markets around the world.
The handbook presented here provides an overview of the legal framework conditions in the international offshore wind market, which is characterised by a large number of different regulations due to the lack of a uniform global policy.
The handbook is the result of an international collaboration between lawyers from Hogan Lovells and lawyers from Best-Friends law firms on three continents. Equipped with excellent industry knowledge, this handbook provides first-hand insights into national legal systems.
It is updated annually, making it a companion for years to come and a first-class reference for a global overview of the legal conditions of the offshore industry.