Over the last year, the global pipeline of offshore wind projects has nearly quadrupled, from 429 GW in mid-2021 to 846 GW presently.
According to the latest EnergyPulse market intelligence data analysis from RenewableUK, China has the largest offshore wind project pipeline with 98GW, followed by the UK with 91GW (up from 55GW a year ago), the US with 80GW, and Germany with 57GW.
Brazil, Sweden, Ireland, Vietnam, and South Korea are among the countries possessing major pipelines.
The pipeline in Europe has a capacity of 350 GW (with 26 GW completely operational), whereas the pipeline in non-European nations has a capacity of 496 GW.
China leads in operational capacity with 24.5GW, followed by the United Kingdom (10.5GW), Germany (7.7GW), the Netherlands (3GW), and Denmark (2.3GW).
According to RenewableUK’s study, the UK has the world’s largest floating project pipeline with 32GW, followed by Sweden with 25GW, Taiwan with 21GW, Ireland with 16GW, and South Korea with 16GW.
With two floating wind farms operating in Scottish waters, the UK also boasts the largest operational floating capacity of 80MW.
Dan McGrail, RenewableUK CEO, said “The global growth of offshore wind over the last year is nothing short of staggering.”
“Our EnergyPulse report shows that this technology is now a truly global industry, not just in Europe and Asia, but also with major projects underway in North and South American and Australia.”
He added “It’s great to see that the UK has the biggest global pipeline of floating projects, as this will prove to be a gamechanger in reaching net zero faster, as well as creating opportunities for us to export innovative British technology all over the world, building up new supply chains.”
RenewableUK’s Global Offshore Wind conference and exhibition in Manchester will release the report, which is free to RenewableUK members.