Publication: Offshore Wind Roadmap for Sri Lanka
Loading...
Date
2023-08-24
ISSN
Published
2023-08-24
Author(s)
Editor(s)
Abstract
The World Bank Group (WBG) launched a new global initiative on offshore wind in March 2019. The offshore wind development program objective is to support the inclusion of offshore wind into the energy sector policies and strategies of emerging market countries and support the preparatory work needed to build a pipeline of bankable projects. The objective of this roadmap is to provide strategic analysis and advice on the role that offshore wind can play in Sri Lanka’s future energy mix, analysis on the key opportunities and challenges, and recommendations on next steps in terms of policy formulation, planning, and developing bankable projects. This report is comprised of main body (chapters 2 to 6), which summarize the key findings and conclusions of this report, as well as presenting the roadmap. Chapters 7 to 15 present more detailed analysis of the themes of this report.
Link to Data Set
Citation
“World Bank Group. 2023. Offshore Wind Roadmap for Sri Lanka. © World Bank. http://hdl.handle.net/10986/40264 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Offshore Wind Roadmap for Vietnam(World Bank, Washington, DC, 2021-06)This roadmap provides strategic analysis of the offshore wind development potential in Vietnam, considering the opportunities and challenges under different growth scenarios. It is intended to provide evidence to support the Government of Vietnam in establishing policy, regulations, processes, and infrastructure to enable successful growth of this new industry. It was initiated by the World Bank country team in Vietnam under the umbrella of the World Bank Group’s Offshore Wind Development Program, which aims to accelerate offshore wind development in emerging markets, and was funded by the Energy Sector Management Assistance Program (ESMAP).Publication China - Meeting the Challenges of Offshore and Large-Scale Wind Power : Regulatory Review of Offshore Wind in Five European Countries(World Bank, 2010-05-01)The objective of this study is to review international experience in offshore wind power development and draw on the lessons learned from the experience of different countries. To date, that experience has predominantly been limited to Europe. Significantly different regulatory and physical planning approaches have been taken in the different countries. Hence, the experience is particularly helpful in providing suggestions for a new market. The study focuses on describing the past, present, and planned future regulatory regime in each country. Both positive and negative experiences to date have been explored in the context of regulatory arrangements, and they have been used to draw general conclusions on the characteristics of the most effective systems. At the same time, it has been recognized throughout that a single model is unlikely to provide the 'best fit' for all countries, given national differences. Chapters two, three, and four, focusing on market development, targets and incentives, and regulatory framework, respectively, provide background information on each country studied. These chapters are primarily descriptive in nature. Chapter five provides a discussion of the lessons that can be learned from the experience in each national market, as well as the underlying incentives (or drivers) for overcoming barriers and deploying offshore wind capacity in each case. Chapter six draws this experience together as it identifies and summarizes recurring themes and uses them to develop suggested best practice for the regulation of offshore wind. A glossary is included that explains important terms and abbreviations used within the report. The appendixes summarize the actual consenting experience in a number of countries.Publication China - Meeting the Challenges of Offshore and Large-Scale Wind Power : Strategic Guidance(World Bank, 2010-03-01)In view of the escalating global problems associated with the environment, energy, and natural resources, especially the increasing sign of global climate change, wind power is receiving more and more high-level attention on a global scale, and it has reached a rapid rate of development as a result of the combined efforts of various countries. The world's installed capacity of wind power has already surpassed 100 GW, and wind power has become an essential part of the world's energy structure. This publication comprises three main parts: i) part A contains the key messages emerging from the research and analytical work undertaken by Garrad Hassan and Partners Limited, the team of Chinese experts led by the national energy administration, and staff and consultants of the World Bank; ii) part B comprises the Garrad Hassan and Partners Limited study, 'implementation guidance for offshore and large-scale onshore wind power development in China,' and its annexes; and iii) part C focuses on the workshop on offshore and intertidal wind power development in China, which was held in Beijing in January 2009, and it includes technical notes on three main issues discussed during the workshop, remarks by senior officials from the Government of China, and the presentation by the World Bank during the event.Publication The Role of Concessional Climate Finance in Accelerating the Deployment of Offshore Wind in Emerging Markets(ESMAP, Washington, DC: World Bank, 2023-09-14)This report seeks to inform ongoing discussions on how to accelerate global decarbonization efforts, and the role of concessional finance in supporting such efforts. The report is also intended to complement national efforts to develop policies and strategies in support of offshore wind, including a series of country roadmap studies commissioned by WBG country teams with grant funding from ESMAP. The report is structured as follows: chapter 2 considers the potential benefits of offshore wind, its current trajectory in terms of global expansion, potential barriers and challenges with deployment in emerging markets, and thus the rationale for concessional finance in accelerating deployment; chapter 3 looks conceptually at how concessional finance could be optimally deployed to support offshore wind in emerging markets; chapter 4 provides the results of financial modeling on a case study to assess the different options for concessional finance support; and chapter 5 summarizes the findings from this study and provides a series of recommendations based on the analysis and case studies.Publication Key Factors for Successful Development of Offshore Wind in Emerging Markets(World Bank, Washington, DC, 2021-09-28)Offshore wind holds tremendous promise for many emerging markets as a large-scale, clean, reliable form of new electricity generation with the potential to stimulate valuable economic benefits. However, developing a new offshore wind sector in an emerging market is no easy task. Decision makers must strike a careful balance as they consider a range of technical, political, environmental and social challenges. Offshore wind projectscombine the scale of large hydro and the complexity of offshore hydrocarbon extraction, making them entirely different from onshore wind or solar. Government support and proactivity is, therefore, essential to develop a successful new sector and deliver the high rewards that offshore wind can bring.
Users also downloaded
Showing related downloaded files
Publication Global Economic Prospects, January 2025(Washington, DC: World Bank, 2025-01-16)Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced-economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.Publication Finance and Prosperity 2024(Washington, DC: World Bank, 2024-08-29)While financial sector risks in the larger and higher per capita countries are moderate, half of lower-income countries face significant risks over the next 12 months. Nearly 70 percent of countries facing high financial sector risks are currently not adequately prepared to handle financial stress. The report also identifies a particular risk facing financial sectors in several countries: a large and growing exposure to sovereign debt. This exposure surged to its highest level in the past decade. Finally, the report looks at how countries can enable more climate finance through the banking sector without compromising on the important goals of financial sector stability and inclusion for underserved people.Publication Global Economic Prospects, June 2024(Washington, DC: World Bank, 2024-06-11)After several years of negative shocks, global growth is expected to hold steady in 2024 and then edge up in the next couple of years, in part aided by cautious monetary policy easing as inflation gradually declines. However, economic prospects are envisaged to remain tepid, especially in the most vulnerable countries. Risks to the outlook, while more balanced, are still tilted to the downside, including the possibility of escalating geopolitical tensions, further trade fragmentation, and higher-for-longer interest rates. Natural disasters related to climate change could also hinder activity. Subdued growth prospects across many emerging market and developing economies and continued risks underscore the need for decisive policy action at the global and national levels. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.Publication Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication Europe and Central Asia Economic Update, Fall 2024: Better Education for Stronger Growth(Washington, DC: World Bank, 2024-10-17)Economic growth in Europe and Central Asia (ECA) is likely to moderate from 3.5 percent in 2023 to 3.3 percent this year. This is significantly weaker than the 4.1 percent average growth in 2000-19. Growth this year is driven by expansionary fiscal policies and strong private consumption. External demand is less favorable because of weak economic expansion in major trading partners, like the European Union. Growth is likely to slow further in 2025, mostly because of the easing of expansion in the Russian Federation and Turkiye. This Europe and Central Asia Economic Update calls for a major overhaul of education systems across the region, particularly higher education, to unleash the talent needed to reinvigorate growth and boost convergence with high-income countries. Universities in the region suffer from poor management, outdated curricula, and inadequate funding and infrastructure. A mismatch between graduates' skills and the skills employers are seeking leads to wasted potential and contributes to the region's brain drain. Reversing the decline in the quality of education will require prioritizing improvements in teacher training, updated curricula, and investment in educational infrastructure. In higher education, reforms are needed to consolidate university systems, integrate them with research centers, and provide reskilling opportunities for adult workers.