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According to the latest data from RenewableUK, the global offshore wind market, which has grown by 16% in the past 12 months, with the US accounting for nearly half
of the global increase.
RenewableUK unveiled new data at the 2019 Global Offshore Wind Conference in London, revealing that the global portfolio of offshore wind projects in operation, under construction or under development has increased to more than 121GW over the past 12 months from less than
105GW previously.
Europe remains the largest single region for offshore wind, accounting for 66% of
global pipeline projects.
Europe is dominated by the UK, which has accumulated more than 38.
4 GW of offshore wind project capacity at different stages of development, up 9%
over the past 12 months.
"The UK has put offshore wind at the heart of our energy future and the global market is following our lead," said Hugh McNeal, CEO of RenewableUK.
Innovation in offshore wind will help transform the UK's energy system and set global trends
in new markets.
”
"In 2019, the UK was the world's most exciting offshore wind market, offering up to 6GW of new capacity
at record low prices.
The industry is creating new opportunities for communities across the UK and investing in talent, increasing our workforce to over
27,000.
”
Germany is the second largest country in Europe and the second largest offshore wind market in the world, with 16.
5 GW of pipeline projects
.
However, this is actually a drop compared to 12 months ago, as some older projects under development have been cancelled
.
Outside Europe, the US is rapidly emerging as the third offshore wind energy market, surpassing Chinese mainland of 12 GW and Taiwan's 8.
9 GW pipeline project reaching 15.
7 GW
.
As has been widely reported, the U.
S.
has been pushing for offshore wind projects, with new policy initiatives being developed by East Coast states and awarding a large number of projects
to developers.
Together, these five countries and regions together account for 75% of global offshore wind capacity, an increase that has benefited from lower costs across the industry, with many markets seeing price declines of more than 50%
over the past few years.
According to the latest data from RenewableUK, the global offshore wind market, which has grown by 16% in the past 12 months, with the US accounting for nearly half
of the global increase.
RenewableUK unveiled new data at the 2019 Global Offshore Wind Conference in London, revealing that the global portfolio of offshore wind projects in operation, under construction or under development has increased to more than 121GW over the past 12 months from less than
105GW previously.
Europe remains the largest single region for offshore wind, accounting for 66% of
global pipeline projects.
Europe is dominated by the UK, which has accumulated more than 38.
4 GW of offshore wind project capacity at different stages of development, up 9%
over the past 12 months.
"The UK has put offshore wind at the heart of our energy future and the global market is following our lead," said Hugh McNeal, CEO of RenewableUK.
Innovation in offshore wind will help transform the UK's energy system and set global trends
in new markets.
”
"In 2019, the UK was the world's most exciting offshore wind market, offering up to 6GW of new capacity
at record low prices.
The industry is creating new opportunities for communities across the UK and investing in talent, increasing our workforce to over
27,000.
”
Germany is the second largest country in Europe and the second largest offshore wind market in the world, with 16.
5 GW of pipeline projects
.
However, this is actually a drop compared to 12 months ago, as some older projects under development have been cancelled
.
Outside Europe, the US is rapidly emerging as the third offshore wind energy market, surpassing Chinese mainland of 12 GW and Taiwan's 8.
9 GW pipeline project reaching 15.
7 GW
.
As has been widely reported, the U.
S.
has been pushing for offshore wind projects, with new policy initiatives being developed by East Coast states and awarding a large number of projects
to developers.
Together, these five countries and regions together account for 75% of global offshore wind capacity, an increase that has benefited from lower costs across the industry, with many markets seeing price declines of more than 50%
over the past few years.
