NewEnergyNews: EU Ocean Wind To Boom Through 2019

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    Friday, May 11, 2018

    EU Ocean Wind To Boom Through 2019

    2019 to be a record year for European offshore wind

    David Foxwell, 30 April 2018 (Offshore Wind Journal)

    “Offshore wind is a mainstream energy source in Europe and is really taking off in China…[It has a ‘spectacular year’ in 2017 and a new report] anticipates that 2019 will be another record year for offshore wind in Europe but said other markets are also taking now off…[Activity is expected] to be concentrated mainly in the UK, with 3.3 GW of new grid-connected capacity between 2018 and 2020, followed by Germany with 2.3 GW, Belgium with 1.3 GW, the Netherlands with 1.3 GW and Denmark with 1.0 GW…There are 400 MW currently under construction, which are expected to be connected to the grid throughout 2018…Significant construction activity will continue…[By 2020, total European offshore wind capacity is expected to reach] 25 GW…Financing needs could top €9Bn (US$11Bn) based on disclosed transaction costs…China’s offshore industry is also taking off. 1.16 GW of new installations in 2017 brought the cumulative total to 2.78 GW, putting China in third place globally, behind the UK and Germany…” click here for more

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