Global race for more offshore wind energy

Image: PixabayImage: Pixabay
China is set to be the world’s largest offshore wind market this decade, bu other governments outside China are also increasingly looking offshore, a new report by Bloomberg NEF says.

Official Press Release Bloomberg NEF:

China’s Onshore Wind Dominance to Rise, Rest of World Challenges Offshore

Wind Industry Profile of
China’s Onshore Wind Dominance to Rise, Rest of World Challenges Offshore

The wind sector brushed off the effects of Covid-19 in 2020 to install 97GW, smashing the previous record set for annual installations in 2015 by over 30GW. The industry is set to see tremendous growth over the coming decade. We predict cumulative wind capacity could double from 2021 to 2030, reaching 1.7TW.

The wind supply chain proves its strength Last year’s installation record was primarily driven by highest-ever onshore wind addition in the world’s two largest markets: the U.S. and China. The final result was an installation total that many – including BNEF – predicted was impossible and illustrates just how much supply chains can flex when there are subsidies on the line. ... More: Official Press Release Bloomberg NEF

BloombergNEF, China, onshore, offshore, wind farm, dominance, record, installation, report, strength, investment, capacity, feed in tariff, COVID-19

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