Global offshore wind capacity increases with 10.8 GW new installations
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The Global Wind Energy Council (GWEC) published a report highlighting a significant milestone in the offshore wind sector, with the installation of 10.8 gigawatts (GW) of new offshore wind capacity, pushing the global total to 75.2 GW.
This marks a robust 24% increase from the previous year, the sector’s second-highest annual installation level.
The GWEC believes this consistency will continue if the current increase in policy momentum continues.
The Council predicts that 410 GW of new offshore wind installations will be added in nearly a decade. This addition will align the offshore wind deployment with the global target of installing 380 GW by 2030.
In the next ten years, GWEC forecasts that 410 GW of new offshore wind capacity will be installed, bringing offshore wind deployment in line with global targets to install 380 GW by 2030.
Two-thirds of the predicted capacity will be built between 2029-33, according to GWEC’s report.
Also read: Report warns UK offshore wind targets at risk, urges rapid manufacturing expansion
The report also mentions that a swift expansion like this must be based on a strong partnership between the industry and the government and structured and effective policies and frameworks.
GWEC’s report mentions that the expected growth will be due to the push of rising wind markets in nations like Australia, Japan, South Korea, the Philippines, Vietnam, Brazil, Colombia, Ireland, and Poland.
Also read: Clean energy investments for emerging nations among top agenda of COP29
Rebecca Williams, Chief Strategy Officer—Offshore Wind, GWEC, said, “Governments around the world are choosing offshore wind for their people and their economies. We have reached the point in mature markets where the technology is now proven to save households money versus conventional energy sources.
She added “This new wave of offshore wind markets are taking notice and making progress of their own, in some cases outgrowing the ‘emerging’ label thanks to strong collaboration between industry and policymakers.”
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