Posted on: 26/06/2018
Record-breaking growth means the UK has retained its status as the world’s largest offshore wind market, new figures have revealed.
Trade body RenewableUK’s Offshore Wind Project Intelligence report found that the capacity of global offshore wind projects in operation, under construction or in development grew by more than 10% during the past year from 95GW to 104GW.
The UK remains the biggest market, with a capacity of 35.2GW, followed by Germany with 23.4GW, Taiwan with 8.3GW, China with 7.7GW and the United States with 7.5GW.
Britain’s ranking came as offshore wind Contracts for Difference were signed at half their 2015 prices.
Export opportunity for the UK
Hugh McNeal, Chief Executive at RenewableUK, said: “Offshore wind is a global growth opportunity and a major energy source.
“The sector will be worth more than £30 billion worldwide by 2030 and UK companies must be ready to seize opportunities in new markets.
“We are transforming the UK supply chain, as we grow our exports five-fold by 2030.”