Study: Next Decade One of Progress for Global Offshore Wind Industry

BARCELONA, Spain, December 18 - Led by European utilities, the offshore wind industry is poised for
substantial scaling over the next decade, with the global installed base
expected to grow to nearly 45 GW in 2020 according to a new market study from
Emerging Energy Research. With large northern European utilities driving the
industry forward in the short term, the stage is being set for North America
and Asia offshore development as well, according to EER.

"The global offshore wind energy industry's entry into the next decade
will be marked by concrete progress built on the past 10 years of moving
along the learning curve," according to EER Senior Wind Analyst Eduard Sala
de Vedruna. While the global offshore market has been slow to take off due to
cost and logistical challenges — climbing from 70 MW installed to 1.5 GW
over the past eight years — the industry is now scaling thanks to increased
focus on offshore by Europe utilities," says Sala de Vedruna.

Asia and North America are currently looking to Europe for technology and
cost benchmarking. Between 2010 and 2020, these two regions will contribute
nearly 25% of the total new offshore capacity installed worldwide, according
to EER.

In Europe, tapped-out onshore markets and higher capacity factors
offshore are driving governments to incentivize the technology, providing key
support to drive industrial build-out. "Offshore is still very much a
European industry led by the UK and followed by Germany, Sweden, the
Netherlands, Belgium, and Denmark," says Sala de Vedruna. EER expects Asia to
tap its offshore markets in 2014, led by China and Korea. In North America,
test projects in the US (Deepwater Wind) and Canada (NaiKun) may come to
fruition by 2012, with over 6 GW projected by 2020, according to EER.

About the Study - Global Offshore Wind Energy Markets & Strategies:
2009-2020

EER's new study, comprised of 211 pages and 100 exhibits analyzes
offshore market growth in Europe, North America and Asia. The study is now
available for downloading from EER's Website. Follow this link -
www.emerging-energy.com/user/category_docs.aspx?l1=1&catid=GlobalOffsh
oreWindEnergyMarkets20092021634285559&docid=/user/GlobalOffshoreWindEnergyMar
kets20092021634285559_pub/GlobalOffshoreWindEnergyMarketsandStrategies2009.pd
f&cattype=MarketStudies

Emerging Energy Research is the leading provider of analysis on clean and
renewable energy markets - www.emerging-energy.com

Stephanie Aldock, +1-617-551-8483, eermedia at emerging-energy.com