Europe's renewable future

Tayvis Dunnahoe Exploration Editor With European offshore hydrocarbon production on the decline, a host of developments promise to breathe new life into several regions. While hydrocarbon resources will remain the primary source for electric power generation, renewable energy has grown considerably in Europe within recent years. Recent changes may soon reconfigure the market in many regions leading to fewer subsidies with more competition among a variety of industries. Offshore, onshore wind In 2013, more than three fourths of the 719 offshore wind turbines installed worldwide were in the North Sea, according to Douglas-Westwood. For the next decade, analysts expect the North Sea region t...

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