The global offshore wind industry installed a record 6.1 GW of new capacity in 2019, bringing total capacity to 29 GW
The latest data released by the Global Wind Energy Council (GWEC) shows that the global offshore wind industry added 6.1GW of offshore wind capacity in 2019, a record year for the industry and an impressive 35.5 per cent increase on the previous year, which saw 4.5GW installed. This growth is set to accelerate, with GWEC Market Intelligence’s preliminary forecasts finding that an additional 50 GW of new offshore wind capacity could be installed by 2024 globally. This would mean that total installed offshore wind capacity could reach nearly 80 GW globally over the next five years, an increase of almost 172 per cent from today’s capacity.
Eight markets reported new offshore wind installations in 2019:
China – 2395 MW
United Kingdom – 1764 MW
Germany – 1111 MW
Denmark – 374 MW
Belgium – 370 MW
Taiwan – 120 MW
Portugal – 8 MW (floating)
Japan – 3 MW (floating)
Ben Backwell, CEO at GWEC commented: “In 2019, we continued to see the strong growth trend of offshore wind, which now makes up 10 per cent of total wind energy installations. While mature markets in Europe continue to account for the majority of these installations, Asia Pacific is now increasingly contributing to this growth, with China leading the way as the global offshore wind leader in new capacity. It is also exciting to see floating wind capacity being installed in 2019, as once this technology reaches industrial scale, it will open up whole new markets and opportunities for offshore wind”.
“Offshore wind is a huge opportunity to meet our climate targets, as it can replace expensive imported fuels, provide clean energy solutions to countries that have limited for land availability, and supply increasingly competitive zero-carbon energy at a massive scale. The economic benefits of offshore wind cannot be understated, with the potential to generate of hundreds of billions of dollars in investments, create tens of thousands of jobs and build a supply chain that can all contribute to thriving local economies”, he added.
Alastair Dutton, Chair of GWEC’s Global Offshore Wind Task Force said: “While 2019 offshore wind installations were driven by established market leaders, over the next few years we will see more and more countries establish their offshore industry, expanding into new markets in Europe, the US and Asia Pacific. As these new markets are established, this will further drive the exponential growth of the global offshore wind industry. We need to focus now on getting the right policy frameworks set up in these emerging markets to facilitate this growth and pave the way for a wider global build-out of capacity post-2030”.
Source: Company Press Release