Offshore Wind Had by far Its Busiest Half Year Ever

Wind Industry Profile of

Global investment in new renewables capacity rose 5% in 1H 2020, defying Covid-19 recession

Renewable energy capacity investment showed great resilience in the first half of 2020, in the face of the unprecedented economic shock caused by the coronavirus, according to the latest figures from research company BloombergNEF (BNEF). The data, drawn from BNEF’s world-leading database of deals and projects, show that one sub-sector of renewables – offshore wind – had by far its busiest half year ever for final investment decisions, and this more than offset declines in investment in solar, onshore wind and biomass. Offshore wind financings in 1H 2020 totaled $35 billion, up 319% year-on-year and in fact well above 2019’s record full-year... ... More: Official Press Release BNEF

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BloombergNEF, BNEF, offshore, wind, Covid-19, wind industry, renewables, capacity, data, increase, investment, worldwide, half, 2020