August 5, 2020 Read More →

Global offshore wind capacity could hit 234GW by 2030, industry group finds

The Guardian:

The world’s offshore windfarm capacity could grow eightfold by the end of the decade powered by a clean energy surge led by China, according to the Global Wind Energy Council (GWEC). A new industry report has revealed stronger than expected growth for the offshore wind industry, which could reach 234GW by 2030, from a global tally of just over 29GW at the end of last year.

The council revised its forecasts up by 15GW in its latest annual report on offshore wind power after the fastest ever growth in 2019, when new wind farms around the world added an extra 6.1GW to the global tally.

Ben Backwell, the chief executive at GWEC, said offshore wind was “truly going global” as governments around the world “recognise the role that the technology can play in kickstarting post-Covid economic recovery”.

The report found that the offshore wind industry could create 900,000 jobs globally over the next decade, or even more if policymakers use post-pandemic economic stimulus packages to accelerate the sector’s growth.

The offshore market has grown on average by almost a quarter every year since 2013, led by a flurry of new projects in European waters, which hold 75% of the world’s offshore wind farms. However, the rate of growth is expected to accelerate in the next 10 years because of a growing appetite for clean energy in countries in the Asia-Pacific region, according to GWEC.

“Over the coming decade we will see emerging offshore wind markets like Japan, Korea and Vietnam move to full deployment, and see the first offshore turbines installed in a number of new countries in Asia, Latin America and Africa,” Backwell added.

[Jillian Ambrose]

More: China poised to power huge growth in global offshore wind energy

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