In 2017, 3.3 GW of new offshore wind capacity was added globally

New data released by Navigant Research shows that in 2017, the global installed capacity of new offshore wind power reached 3.
3 GW, with a cumulative installed capacity of nearly 17 GW, with another 7.
9 GW still in preparation
.

Navigant Research on Wednesday released its latest "2017 Offshore Wind Market and Project Assessment Report," which analyzes
the global offshore wind market.
However, the European offshore wind industry added 3.
1 GW
in 2017 compared to data released on Tuesday by WindEurope, the European offshore wind industry trade association.
If both reports are correct, Europe will account for 94%
of all offshore wind capacity in 2017.

In addition, the cumulative installed offshore wind capacity in Europe reached 15.
8 GW at the end of 2017, an increase of 25% in 2017 alone, which means that according to Navigant's own report, the cumulative global capacity is close to 17 GW, and Europe accounts for 93% of
the global offshore wind capacity.

These numbers are not necessarily surprising, as Europe has been the world's leading offshore wind energy hub
for many years.
It will be interesting to see how 2017 consolidates Europe's leading position and highlights the current lack of growth in other regions, even as both Asia and the US are slowly entering this arena
.

Navigant Research also highlighted that "7.
9 GW of wind power projects at different levels of construction are under construction, of which Europe accounts for 4.
9 GW
.
" By comparison, WindEurope said Europe has 11 offshore wind projects under construction, about 2.
9 GW, but the difference may be due to the definition of "under construction" and expanded to include pre-development
.

China has 2.
3 GW of offshore wind projects
in different stages of construction.

Globally, Navigant Research says that 18.
7 GW of offshore wind capacity is installed in the advanced planning phase, but not all of these projects are guaranteed to be completed
.

Looking ahead, Navigant Research expects the global offshore wind market to add more than 24GW of new installed capacity over the next five years, with a growth rate of 11.
1%, and is expected to exceed 40.
6GW
of cumulative capacity by the end of 2022.

Jesse Broehl, senior research analyst at Navigant Research, said: "While the onshore wind market is also adding significant total megawatt plant capacity each year, offshore wind is growing faster
.
The CAGR is expected to reach 11.
1% from 2017 to 2022, while onshore wind will grow at a single-digit
rate.
”