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The rise and rise of global offshore wind capacity

Renew Extra 4th Jan 2020, Dave Elliott: The International Energy Agency says global offshore wind capacity may increase 15-fold and attract around $1 trillion of cumulative investment by 2040, driven by falling costs, supportive government policies and some remarkable technological progress, such as larger turbines and floating foundations.
It notes that the offshore wind capacity in the EU stands at almost 20 GW. Under current policy settings, that is set to rise to nearly 130 GW by 2040. However, if the EU reaches its carbon-neutrality aims, offshore wind capacity would jump to around 180 GW by 2040 and be the region’s largest single power source.
Meantime, it notes that China’s offshore wind capacity is set to rise from 4 GW now to 110 GW by 2040. In its subsequent World Energy Outlook (WEO), the IEA says solar could be even larger:

January 6, 2020 - Posted by | 2 WORLD, renewable

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