This paper investigates the commercial attractiveness of the nascent offshore wind energy industry from an asset owner's perspective. Two commercial scale operational projects are used as illustrative cases. Based upon historical empirical financial and performance data in conjunction with...

Knowledge spillovers are crucial to innovation and upgrading, but it is largely unclear what knowledge spillovers are made of and how they actually happen. The importance of Marshall-Arrow-Romer vs. Jacobs externalities is also a debated matter, whereas the concept of "related variety" has...