NEWS

New Offshore Wind Projects Poised to Contribute to Energy Transition


< Back to all news

New Offshore Wind Projects Poised to Contribute to Energy Transition

Business

Category: Business News

Power generation from offshore wind turbines is projected to increase 700% over the next 10 years. Developing local supply chains in Europe and the U.S. will increase efficiency, reduce costs and help drive a green recovery, post-Covid-19.

Global offshore wind capacity is set to surge to over 234 GW by 2030, from 29.1 GW at the end of 2019, according to the Global Wind Energy Council (GWEC). The GWEC forecasts that through 2030, more than 205 GW of new offshore wind capacity will be added globally, including at least 6.2 GW of floating offshore wind. With these projections, it is clear the sector is set to play a leading role in powering both the energy transition and a green recovery following the pandemic. Regions around the world are exploring how they can make the most of the new opportunities created through offshore wind. Global energy consultancy Xodus has led on several recent projects in Europe and the U.S., conducting comprehensive research into how areas can develop and grow local supply chains.
 

Source: World Oil