19 March , 2020

 

Record 6.1 GW of new offshore wind capacity installed globally in 2019

 
  • The global offshore wind industry installed a record 6.1 GW of new capacity in 2019, bringing total capacity to 29 GW
  • Europe remained the largest market for offshore wind, accounting for 59 per cent of new installations in 2019, while the Asia-Pacific region accounted for the remaining 41 per cent.
  • China remains the overall leader in new installations for offshore wind, adding more than 2.3 GW capacity in 2019, with the UK and Germany in second and third place, installing 1.8 GW and 1.1 GW respectively.
  • Offshore wind accounted for approximately 10 per cent of new wind power installations in 2019, an increase from 5 per cent in 2015.
  • GWEC expects over 50GW of new offshore wind capacity to be installed from 2020-2024, as projects in emerging markets with ambitious targets for offshore wind such as the US, Taiwan, Japan, Vietnam and South Korea are realised.
Brussels, 19 March 2020 – The latest data released by the Global Wind Energy Council (GWEC) shows that the global offshore wind industry added 6.1GW of offshore wind capacity in 2019, a record year for the industry and an impressive 35.5 per cent increase on the previous year, which saw 4.5GW installed. This growth is set to accelerate, with GWEC Market Intelligence’s preliminary forecasts finding that an additional 50 GW of new offshore wind capacity could be installed by 2024 globally. This would mean that total installed offshore wind capacity could reach nearly 80 GW globally over the next five years, an increase of almost 172 per cent from today’s capacity.

Eight markets reported new offshore wind installations in 2019:

China – 2395 MW
United Kingdom – 1764 MW
Germany – 1111 MW
Denmark – 374 MW
Belgium – 370 MW
Taiwan – 120 MW
Portugal – 8 MW (floating)
Japan – 3 MW (floating)

Ben Backwell, CEO at GWEC commented: “In 2019, we continued to see the strong growth trend of offshore wind, which now makes up 10 per cent of total wind energy installations. While mature markets in Europe continue to account for the majority of these installations, Asia Pacific is now increasingly contributing to this growth, with China leading the way as the global offshore wind leader in new capacity. It is also exciting to see floating wind capacity being installed in 2019, as once this technology reaches industrial scale, it  will open up whole new markets and opportunities for offshore wind”.

“Offshore wind is a huge opportunity to meet our climate targets, as it can replace expensive imported fuels, provide clean energy solutions to countries that have limited for land availability, and supply increasingly competitive zero-carbon energy at a massive scale. The economic benefits of offshore wind cannot be understated, with the potential to generate  of hundreds of billions of dollars in investments, create tens of thousands of jobs and build a supply chain that can all contribute to thriving local economies”, he added.

Alastair Dutton, Chair of GWEC’s Global Offshore Wind Task Force said: “While 2019 offshore wind installations were driven by established market leaders, over the next few years we will see more and more countries establish their offshore industry, expanding into new markets in Europe, the US and Asia Pacific. As these new markets are established, this will further drive the exponential growth of the global offshore wind industry. We need to focus now on getting the right policy frameworks set up in these emerging markets to facilitate this growth and pave the way for a wider global build-out of capacity post-2030”.

Notes to editors

  • The full Global Wind Report will be released on 25 March. If you are interested in receiving a copy at launch, please contact alyssa.pek@gwec.net.

About GWEC 
GWEC is a member-based organization that represents the entire wind energy sector. The members of GWEC represent over 1,500 companies, organizations and institutions in more than 80 countries, including manufacturers, developers, component suppliers, research institutes, national wind and renewables associations, electricity providers, finance and insurance companies. See more: https://gwec.net/  

For more information, please contact: 
Alyssa Pek
alyssa.pek@gwec.net
+32 490 56 81 39

Legal Disclaimer – This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialisation of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.

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