With 6.1 gigawatts (GW) of new capacity installed, 2019 was the best year in history for the global offshore wind industry, the Global Wind Energy Council (GWEC) said in recent report.
According to the GWEC's Global Wind Report 2020, offshore wind, in terms of global wind installations by capacity, has grown to over 10% in 2019 from 1% of in 2009
"Globally, offshore wind installations have grown to 6.1 GW in 2019 from 3.4 GW in 2015, bringing its market share in global new installations from 5% to 10% in just five years," the report shows.
China achieved a new record in 2019, installing 2.4 GW offshore wind capacity in a single year.
In addition, the United Kingdom came in second, although it also had record installations of 1.8 GW in 2019. With 1.1 GW of new installations, Germany took the third place, followed by Denmark and Belgium.
GWEC stated in the report that the global offshore wind market outlook to 2030 has grown more promising over the past year as governments raise their ambition levels and new countries join the market.
"With an average annual growth rate of 18.6 percent until 2024 and 8.2 per cent up to the end of the decade, new annual installations are expected to sail past the milestones of 20 GW in 2025 and 30 GW in 2030," the report asserted.
In addition to the estimations, GWEC Market Intelligence expects that over 205 GW of new offshore wind capacity will be added over the next decade.
"Three-quarters of this new volume will be installed in the latter half (2025-2030), as projects currently in planning get connected to the grid," the report read.
By Gulsen Cagatay and Firdevs Yuksel