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Global $69.38 Bn Offshore Wind Power Markets to 2025
April 28, 2021 05:38 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Global Offshore Wind Power Market is estimated to be USD 38.76 Bn in 2020 and is expected to reach USD 69.38 Bn by 2025, growing at a CAGR of 12.35%.
Market Dynamics
This growth is attributed to the increasing demand for clean energy in order to cut down carbon emissions and protect the environment by generating electricity through renewable resources. Offshore wind energy form an integral part of these clean energy resources and also has a higher capacity factor compared to onshore wind.
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Copper production at the Kamoa-Kakula Mine to begin imminently; first phase projected to produce approximately 200,000 tonnes of copper per year Kamoa-Kakula's Phase 2 expansion, scheduled for Q3 2022, will double annual copper output to approximately 400,000 tonnes Ivanhoe Mines pledges net-zero greenhouse gas emissions at the Kamoa-Kakula Copper Mine Expanded 2021 exploration program underway on Ivanhoe's Western .
Ivanhoe Mines Ltd.: Ivanhoe Mines Issues Q1 Financial Results and Review of Mine Construction Progress and Exploration Activities
80,000 to 95,000 tonnes
All figures in the above table are on a 100%-project basis. Metal reported in concentrate is prior to refining losses or deductions associated with smelter terms. Cost guidance is expected to be provided once the Kamoa-Kakula Project s Phase 1 plant has reached steady state production.
Kamoa-Kakula s Phase 1 backfill plant with concentrator plant in the background.
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Construction of Phase 2 of the Kamoa-Kakula project is well underway and Phase 3 expansion is being explored