Key highlights
- The world installed 6.1GW of offshore wind in 2020, led by China
- 2020 was the second highest year for Offshore Wind installations despite COVID disruptions, following record year in 2019
- Offshore wind has the biggest growth potential of any renewable energy technology but the policy environment needs to improve rapidly for offshore wind to reach international Net Zero targets
- Offshore wind today is only 2% of what the world needs to get to net zero by 2050
- The report forecasts 235 GW of new offshore wind capacity will be installed over the next decade under current policies. That capacity is seven times bigger than the current market size, and is a 15 per cent increase on the previous year’s forecasts.
- A growing group of countries have identified Offshore Wind as a key technology for reaching climate targets, but governments now need to follow up on commitments and work with industry to allow investment to scale up rapidly
Contact Our Team For Media Enquiries
Alex Bath
Communications Director
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alex.bath@gwec.net