NewEnergyNews: Global Ocean Wind Blowing Up

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    Friday, July 26, 2019

    Global Ocean Wind Blowing Up

    Global Gust for Offshore Wind Energy Market Mary B. Powers, Peter Reina, and Debra K. Rubin, July 24, 2019 (Engineering News-Record)

    "….[There is growing excitement about] the potential of the booming global offshore wind energy marketplace…[There is unprecedented] demand across worldwide locations…[and technologies have] demonstrated an ability to scale up greater than other types of renewables…[Europe’s commitment and much-improved production economics have led to] two-thirds of the 15% rise—from nearly 105 GW last year—in offshore wind capacity in operation, construction or development…[There are plans for 55.6 GW of new] offshore wind installed globally through 2025, up from a previous estimate of about 41.3 GW…

    Five countries, led by the U.K., account for 75% of global capacity…The new project surge coincides with offshore wind costs falling by half in recent years, with France just buying 600 MW at less than $56 per MWh and the U.K. set to pay $70 per MWh for up to 6,000 MW of new capacity…Turbine size is key, with early 2 and 3-MW models giving way to 9.5-MW capacity machines…[The Global Wind Energy Council forecasts between 190 GW] to 220 GW of total installations by 2030…” click here for more

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