Strategy Proposals for Onshore and Offshore Wind Energy Investments in Developing Countries

Abstract

In this study, the main purpose is to capture people and companies’ attention upon wind energy issue. For this target, both onshore and offshore wind plant criteria and related risk issues are studied. In this framework, firstly a wide theoretical review is presented on onshore and offshore wind energy. Afterward, the pros and cons of onshore and offshore wind energy were discussed. At this point, these features are viewed from the perspective of developing countries. According to the study’s results, it is identified that although onshore wind energy plants have a comparative advantage in terms of cost, when considering efficiency offshore wind energy is one step ahead. In this context, it is determined that investors can encounter many problems when investing in onshore or offshore wind energy projects. Therefore, it is suggested that to invest in onshore wind energy plants, the country’s legal system and public awareness must be improved. In addition to this, for invest in offshore wind energy plants, it is proposed that countries should invest in training labor force and technology in order to minimize possible costs.