The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic. To meet its mid-century goal of becoming the world’s first climate-neutral continent, the region needs to boost offshore wind capacity to 300 gigawatts by 2050 from just 12 gigawatts now, according to an EU draft document seen by Bloomberg News. That will require as much as 789 billion euros ($940 billion) in investment, mostly from utilities and energy majors. The roadmap, discussed by the European Commission on Wednesday and set for publication on Thursday, details how to unlock the potential for wind farms at sea that’s getting cheaper every year and are more powerful than those on land.
Energy Voice 18th Nov 2020 read more »
Offshore wind capacity in the EU “should be multiplied by 25 times by 2050” as the European Commission looks for all possible ways of boosting the share of renewables in energy consumption, according to a draft policy document seen by EURACTIV. The projected rise in offshore wind is highlighted in a leaked draft of the European Commission’s offshore renewable energy strategy, due to be presented on Thursday (19 November). Today, European offshore capacity stands at 23 gigawatts (GW). The leaked strategy wants the EU to reach 60 GW by 2030 and 300 GW by 2050.
Euractiv 16th Nov 2020 read more »