Offshore Wind Energy: Germany Must Do More

Wind Industry Profile of

Germany has gone slow in its build-out of offshore wind.

Germany now has an opportunity to put offshore wind back on track. They could comfortably deliver 20 GW by 2030. Other countries in Europe, such as Denmark, the Netherlands or UK, have defined their 2030 targets for offshore wind, and they’ve all gone for ambitious volumes. Germany will be less attractive to investors if they don’t raise their expansion target”, says WindEurope CEO Giles Dickson. With an annual turnover of 9 billion euros in 2018, cumulative investments over 25 billion euros in the last 10 years, offshore wind has become an integral part of the energy transition and an important industrial factor in Germany. The European Commission considers up to 450 GW offshore wind capacity... ... More: Official Press Release WindEurope

Keywords:

Germany, offshore, CfD, legal, expansion target, CEO, Giles Dickson, investment, North Sea, Baltic Sea, politics