RenewableUK’s latest EnergyPulse market intelligence data report shows that the global pipeline of offshore wind projects has almost doubled over the past twelve months, from 429 GW of capacity a year ago to 846 GW today.
China has the biggest offshore wind project pipeline at 98 GW, the UK is in second place at 91 GW (up from 55 GW a year ago) and the USA is third with 80 GW. Germany is fourth at 57 GW. Other countries with major pipelines include Brazil, Sweden, Ireland, Vietnam and South Korea. Europe has a pipeline of 350 GW (with 26 GW fully operational) and the pipeline in countries outside Europe stands at 496 GW.
In terms of operational capacity, China leads with 24.5 GW, the UK is second at 10.5 GW, Germany third with 7.7 GW, The Netherlands fourth at 3 GW and Denmark fifth with 2.3 GW.
The UK has the biggest pipeline of floating projects in the world at 32GW. Sweden is second at 25 GW, Taiwan third with 21 GW, Ireland fourth at 16 GW and South Korea fifth at 16 GW. Australia, Italy, the USA and Finland also have significant floating wind pipelines.
The UK also has the biggest operational floating capacity at 80 MW, with two floating wind farms generating in Scottish waters. More are planned as part of ScotWind and in the Celtic Sea. Portugal is second with 25 MW and Norway and China share third at 6 MW each. Equinor’s Norwegian 88 MW Hywind Tampen project is due to be operational later this year.
Countries around the world recognise the urgent need to ramp up the transition to clean power – not only to tackle climate change, but also to provide secure supplies of low-cost homegrown electricity for people hit hard by international gas prices going through the roof. Add to that the benefits of creating millions of skilled jobs and attracting billions in private investment, and you can see why offshore wind is surging ahead globally.