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Global offshore wind capacity reaches 75GW

The global offshore wind capacity has grown by 21% in the last year, reaching a total of 75GW, according to a new report

RenewableUK has released a new report showing a significant increase in global offshore wind capacity, which has grown by 21% over the past year, rising from 61.5GW to 75GW.

The additional capacity generates enough electricity to power over 14 million UK homes annually.

China and the UK remain leaders in offshore wind capacity, with 36.7GW and 14.7GW respectively.

Germany follows with 8.3GW, the Netherlands with 3.7GW and Denmark with 2.7GW.

The report projects that global offshore wind capacity could reach 277GW by the end of 2030, marking a nearly fourfold increase from current levels.

The pipeline of projects at various stages of development has slightly increased to 1,231GW, spanning over 1,500 projects in 41 countries.

This modest rise is attributed to developers refining their portfolios and improvements in leasing and consenting methods.

China leads the global pipeline with 227GW, followed by the UK with 96GW across 122 projects.

The US ranks third with 94GW, Sweden fourth with 68GW and Brazil fifth with 61GW.

The UK currently has 15.8GW of offshore wind capacity in the planning system, the highest amount ever awaiting a decision.

Additionally, 10.8GW of new UK offshore wind capacity is eligible for this year’s Contracts for Difference (CfD) auction, including 12 fixed-foundation and four floating projects.

Projects awarded CfDs typically become fully operational within five years, contributing to the UK’s target of 50GW by 2030.

The report forecasts that nearly 44GW could be operational in UK waters by the end of 2030.

RenewableUK’s Chief Executive Dan McGrail said: “It’s great to see we’ve reached a landmark 75GW of offshore wind operational worldwide, with the UK maintaining its place as a global leader in an intensely competitive international market.

“To consolidate the UK’s position even further, we’re asking the next government to maximise the amount of offshore wind capacity we can secure in this year’s auction for new projects.

“The current budget will only enable less than half the capacity which is eligible to go ahead, and the floating wind budget will only secure one project even though four can bid in this year, so we need to see more ambition within the first few days of the new government taking office.

“It’s also significant that the UK has a record high of more than 15 gigawatts of new offshore wind capacity in planning. We’ll be urging the next government to reform the planning system to enable projects to go ahead in a more timely manner, to increase the UK’s energy security and drive down bills for consumers.”

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