According to the newest knowledge launched by GWEC Market Intelligence, the worldwide offshore wind business had its second-best 12 months ever in 2020, putting in over 6GW of latest capability, conserving progress on observe regardless of the impacts of COVID-19 felt in different power sectors.
This progress was pushed by a report 12 months in China, which lead the world in new annual offshore wind capability for the third 12 months in a row, and put in over half of the brand new offshore wind capability globally final 12 months.
Steady progress in Europe accounted for almost all of remaining new capability, led by the Netherlands which put in almost 1.5GW of latest offshore wind in 2020, making it the second-largest marketplace for new capability in 2020 after China.
Other European offshore wind markets additionally skilled secure progress final 12 months, with Belgium (706MW), the UK (483MW), and Germany (237MW), all putting in new capability in 2020. The slowdown of progress within the UK is because of the hole between the Contracts for Difference (CfD) 1 and CfD 2. In Germany, the slowdown is primarily brought on by unfavourable circumstances and a weak short-term offshore wind mission pipeline.
The solely new floating offshore wind capability recorded in 2020 was additionally in Europe, with 17MW put in in Portugal.
Outside of China and Europe, two different nations recorded new offshore wind capability in 2020: South Korea (60MW) and the US (12MW).
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Overall, world offshore wind capability now exceeds 35GW – a 106% enhance over the previous 5 years alone. China has now surpassed Germany by way of cumulative installations, turning into the second-largest offshore wind nation globally with the UK remaining within the prime spot.
Feng Zhao, head of market intelligence and Strategy at GWEC mentioned: “The continued progress of the offshore wind business globally all through the pandemic is a testomony to the resilience of this booming business. Although China was hit first by the COVID-19 disaster, the impacts on the offshore wind sector had been minimal, resuming ‘busines-as-usual’ as early as March 2020. China’s record-breaking progress is anticipated to proceed in 2021, pushed by an offshore wind set up rush to satisfy China’s Feed-in-Tariff deadline by the tip of this 12 months”.
“While Europe stays the biggest offshore wind market globally, Asia Pacific will play an more and more necessary position driving business progress as main economies resembling Japan and South Korea have lately established bold offshore wind targets. The US can even turn out to be an more and more necessary marketplace for offshore wind, as the brand new administration has made it clear they’re working to speed up progress of this significant business,” he added.
Alastair Dutton, chair of world offshore wind activity pressure at GWEC added: “Offshore wind is more and more cementing its position as one of the vital essential applied sciences to decarbonise our power system and obtain internet zero. Current world offshore wind capability has helped our society keep away from 62.5 million tonnes of carbon emissions – equal to taking on 20 million automobiles off the street. The socioeconomic advantages of offshore wind are additionally extra necessary than ever as nations develop their methods for a inexperienced financial restoration, with present offshore wind capability already offering round 700,000 jobs globally over the initiatives’ lifetimes.
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“Yet, we’re solely seeing the tip of the iceberg on the subject of offshore wind’s large potential. The World Bank Group experiences that there’s over 71,000 GW of offshore wind potential globally with present expertise, and tapping into this useful resource shall be key to maintain world warming beneath 1.5°C pre-industrial ranges, whereas producing important financial advantages. To realise this potential, business and authorities collaboration shall be key, together with secure insurance policies to supply a long-term horizon for business progress….