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“Azerbaijan has effectively leveraged our oil and gas resources in the Caspian Sea for the benefit of our country’s economic development. But the world is changing, and it is time to tap into a new resource in our seas – the power of offshore wind.”

Allan Baker, Global Head of Power Advisory & Project Finance at French bank Societe Generale, has been involved in the offshore wind sector for more than 15 years. Richard Heap spoke to him for his view on the sector.

German utility RWE and India’s Tata Power Renewable Energy last month set up a partnership to look at developing offshore wind farms in India.

A Word About Wind caught up with Lorenzo Palombi, global director of wind projects at BayWa r.e. Global, to talk about where offshore wind fits into the company’s plans; his views on floating wind; and pressures in key markets.

“It is no different than when I was in bodybuilding. I could say at the age of 15: ‘I want to be bodybuilding champion of the world.’ But I had to have a plan.”