China to Fuel Offshore Wind Growth in 2021

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Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 gigawatts (GW) at year-end, from 27.7 GW at the end of 2019, Rystad Energy estimates. China was the main contributor in 2020, accounting for 39% of last year’s additions, followed by the Netherlands (18%) and the UK (17%).

Rystad Energy expects the global installed offshore wind capacity to further increase by 11.8 GW in 2021, a monumental 37% step-up compared to 2020’s 31.9 GW. China will continue to lead the new capacity additions, contributing 63% of the expected growth.  As Covid-19 hit the Chinese market first, fears over supply chain disruptions emerged, with offshore wind developers worried about delays to projects down the line. And as the... ... More: Official Press Release Rystad Energy

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Rystad Energy, China, offshore, growth, wind, capacity, increase, addition, Covid-19, feed in tariff, developers, construction backlog, grid, GW