Wind Energy is one of the promising renewable energy sources. Windy areas on land are being tapped to extract this energy. Nowadays, offshore wind farms, i.e. wind turbines installed in the sea are also coming up. The economics of wind energy are driven by demand and supply of the energy market....

Offshore wind energy is the use of wind farms constructed in the ocean, on the continental shelf, in order to harvest wind energy and generate electricity. Nations across the world are planning or have already installed offshore wind farms. One such promising geographical location appears to be...