The global offshore wind market is set to grow 16 per cent a year through to 2030, delivering a six-fold increase in capacity compared to today’s levels, according to the latest analysis from Bloomberg New Energy Finance (BNEF). Global generation capacity from offshore wind today stands at 17.6GW, but BNEF is forecasting significant growth over the next decade or more, reaching a cumulative capacity of 115GW by 2030. Separate previous forecasts have suggested Europe’s total installed offshore wind capacity alone could surge to 140GW as soon as 2025, while IRENA has put the global capacity figure at 100GW by 2030. Today’s offshore wind market is led by the UK, but as early as 2022 China is expected to overtake as the market leader, while the US and Taiwan will also emerge as significant, gigawatt-strong markets in the next decade, yesterday’s analysis suggests.
Business Green 9th Jan 2018 read more »