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Drilling & production - 15 October 2009

Offshore wind - market status

Offshore wind activity is at an all time high. The next two years will see significant year-on-year growth in terms of capacity installed from projects currently under construction. However, the industry is struggling with the costs of development, which have more than doubled in five years.

 

Solar power: breaking the economic barrier

Electricity generation from solar energy has been around for more than 50 years. Solar power generation will see an exponential growth and the resultant technology breakthroughs and economies of scale will lead to costs which are close to grid parity. Changing industry dynamics provide great value creation opportunities, but taking high quality decisions in the face of uncertainty is critical.

 

Global power sector shows signs of recovery

The power sector has undoubtedly been hit hard by the global credit crunch. The good news is though, that we are now seeing some positive signs of recovery, with the sector beginning to slowly bounce back with more money being invested in new projects.