China leads global offshore wind investments, report finds

June 21, 2022
The number of new offshore wind projects has almost doubled over the past 12 months to total 429 GW of capacity, according to RenewableUK’s latest EnergyPulse market intelligence data report.

Offshore staff

LONDON  The number of new offshore wind projects has almost doubled over the past 12 months to total 429 GW of capacity, according to RenewableUK’s latest EnergyPulse market intelligence data report.

This covers projects at each stage of development: operational, under construction, consented or planned.

China leads with an offshore wind project pipeline of 98 GW, followed by the U.K. with 91 GW, the U.S. with 80 GW and Germany with 57 GW.

Other countries on the rise include Brazil, Ireland, South Korea, Sweden and Vietnam.

China also leads in terms of operational capacity with 24.5 GW, ahead of the U.K. (10.5 GW), Germany (7.7 GW), The Netherlands (3 GW) and Denmark (2.3 GW).

The U.K. has the world’s largest planned numbers of floating projects, with a total capacity of 32 GW, followed by Sweden (25 GW), Taiwan (21 GW), Ireland (16 GW) and South Korea 16 GW.

Other growth areas for floating offshore wind are Australia, Italy, the U.S. and Finland.

Finally, the report finds that the U.K. also has the biggest operational floating capacity at 80 MW, with two floating wind farms generating offshore Scotland, and more are planned as part of the ScotWind leasing process and in the Celtic Sea off western Britain.

Next is Portugal with 25 MW and Norway and China (6 MW each). Equinor’s 88-MW Hywind Tampen project in the Norwegian North Sea is due to start operations later this year.

06.21.2022