Offshore Wind Set for Explosive Growth Despite Challenges, Led by Asia and China
The global offshore wind industry added 8.8 GW of clean energy in 2022, making it the second-best year ever, according to the Global Wind Energy Council (GWEC). China is expected to remain the leading market for offshore wind growth in 2023, although its new installations dropped due to the end of the feed-in tariff. However, GWEC has downgraded its near-term growth forecast for Europe and North America due to delays caused by permitting and regulatory issues. Despite these challenges, GWEC forecasts a massive growth of 380 GW in offshore wind capacity by 2032, with the Asia-Pacific region leading the way. Investment and global cooperation are needed to overcome supply chain bottlenecks and realize the sector's potential.
- Despite headwinds, offshore wind will see 'massive' growth to 2032 – report Electrek.co
- APAC to account for nearly half of 380GW offshore wind expansion by 2032: GWEC Recharge
- Bottlenecks Expected Until 2026 in Every Region Except China – GWEC Report Offshore WIND
- China drives Asian lead in global offshore wind as Europe loses top spot Financial Times
- Offshore wind readies for take off in Australia and Asia, despite near term problems RenewEconomy
- View Full Coverage on Google News
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