With traditional onshore wind markets facing challenging times, it is encouraging to learn that there are now 92 offshore wind farms (including sites that are partially grid-connected) in 11 European countries, 2017 saw a record 3,150 Megawatt (MW) of net additional capacity installed in Europe alone, corresponding to 560 new offshore wind turbines across 17 farms. This positive growth in the European offshore sector has been driven by falling costs alongside advancements and innovation in cost-out measures-achieved through a greater understanding of the key risks in offshore wind tower construction, larger projects leading to greater economies of scale and an oversupply in the wind turbine market. Offshore wind tower construction, larger projects leading to greater economies of scale and an oversupply in the wind turbine market. Offshore wind energy is projected to become Europe's fastest growing renewable source.
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