Offshore wind capacity will grow five-fold by 2025

The capacity of offshore wind will grow from 14.7 GW to 71 GW, according to calculations in a new report.

Photo: PR Nordex

Installed offshore wind power capacity will have increased to 71 GW, which would be a fivefold increase from the 14.7 GW installed globally at the end of this June, according to calculations in a report from Bloomberg New Energy Finance (BNEF).

The report attributes the growth estimate to declining prices for wind power as a result of using larger and more effective wind turbines.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Baltic Pipe faces three-month delay

Danish TSO gets permission to resume pipe-laying efforts for most of the gas project, but other sections are postponed to next year. A "large portion" of the gas is expected to flow next year.

Further reading

Related articles

Latest News

See all jobs