Offshore Wind Gathering Power With U.K. Investors

The video discusses the potential of offshore wind energy, highlighting its growth prospects by 2020 and its economic benefits, including job creation and investment opportunities. It addresses investor concerns, particularly regarding risks and the impact of government policies. The video emphasizes the importance of innovation and risk reduction in making offshore wind a viable investment. It also outlines strategies for cost reduction, focusing on economies of scale and technological advancements.

What percentage of the UK's energy is currently sourced from wind, and what fraction of that is from offshore wind?

• 9% from wind, with half from offshore

• 9% from wind, with a third from offshore

• 20% from wind, with a third from offshore

• 15% from wind, with a quarter from offshore

What is a significant concern for investors regarding offshore wind projects?

• Lack of government support

• Limited technological advancements

• Perceived risks in construction

• High operational costs

How does the program mentioned in the transcript aim to reduce perceived risks in offshore wind investments?

• By increasing government subsidies

• By focusing on research and development

• By reducing operational costs

• By limiting the number of projects

What is a major focus for cost reduction in offshore wind energy?

• Reducing the amount of steel used

• Decreasing government incentives

• Expanding onshore wind farms

• Increasing the number of turbines

What is the expected benefit of surpassing 10 gigawatts in offshore wind capacity?

• Large economies of scale

• Higher energy prices

• Reduced environmental impact

• Increased government funding