Price breakthrough positions offshore wind for growth worldwide

Offshore Wind Journal

The Global Wind Energy Council (GWEC) says the steep decline in the cost of offshore wind energy is attracting the attention of countries outside Europe, which leads the way in its development.

GWEC says a rolling five-year forecast for wind energy as a whole will see almost 60GW of new wind installations in 2017 and a cumulative installed capacity of over 800GW by the end of 2021. According to the Global Wind Energy Council’s Global Wind Report: Annual Market Update, more than 54GW of wind power was installed around the world in 2016. Cumulative capacity grew by 12.6 per cent to reach a total of 486.8GW.

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