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European offshore to slow in 2020, resurge in 2021

The expiration of subsidies and the prospect of new politicians means 2020 will be a slump year for offshore wind installations, but the sector will make its comeback in 2021.

Photo: Siemens Gamesa

Europe's offshore wind market seems to be entering a year that will be weaker than 2019, before installations regain momentum in 2021, reports Bloomberg New Energy Finance.

This slowdown is attributed to the impending expiry of subsidies and the outlook to new politicians in 2030.

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